Asian session review: the dollar was little changed against the euro and yen

During today's Asian trading, the US dollar changed slightly against the euro and the Japanese yen.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.01% compared to the previous day.

Commonwealth Bank of Australia (CBA) experts expect the dollar to remain weak this week. Pressure on the US national currency is exerted by diverging forecasts for the US economy and other countries of the world.

At the same time, the periodic increase in tensions between Washington and Beijing may provide temporary support to the dollar, but the CBA doubts that this will be enough to compensate for the downward pressure on the US currency.

US President Donald Trump over the weekend signed an executive order partially returning additional payments to unemployment benefits for tens of millions of Americans who lost their jobs due to the coronavirus pandemic. According to the decree, the payments, which will amount to $400 a week, will be 75% funded by the Federal government and 25% by state authorities.

Other executive orders signed by Trump include deferring payroll tax payments for people earning less than $100,000 a year, extending the moratorium on student loan payments, and measures to help homeowners and renters.

Statistics released on Friday indicated a more significant than expected increase in the number of jobs in the United States. This week, investors are also waiting for data on retail sales and industrial production in the US in July.