Asian session review: the dollar fell slightly against the euro

During today's Asian trading, the US dollar fell slightly against the euro, following yesterday's strengthening.

Meanwhile, demand for the japanese yen persists, as investors limit investments in risky assets amid pessimistic economic data, escalating contradictions between the US and China and concerns about the Euro zone economy.

The European Commission expects the Eurozone's GDP to fall by a record 7.75% in 2020, according to a spring forecast. In 2021, it is expected to rise by 6.25%. The EU's GDP is forecast to collapse by 7.5% this year and increase by about 6% next year.

The ICE Dollar index, which shows the value of the us dollar against six major world currencies, rose by 0.04% compared to the previous day.

The pound rose sharply against the US dollar after the Bank of England kept its benchmark interest rate at 0.1%, did not increase asset repurchases at the end of the meeting on Thursday.

Data on China also came into focus. Chinese exports unexpectedly rebounded in April on the back of a gradual resumption of business activity, while the pace of falling imports accelerated strongly.