Asian session review: the dollar declined against most of the world's currencies

During today's Asian trading, the US dollar declined against most of the world's currencies.

The U.S. Dollar index, which shows the value of the US dollar against six major world currencies, fell 0.30% from the previous day.

The US state budget deficit in July 2020 fell to $63 billion, compared with $120 billion in the same month last year and $864.1 billion in June, according to data from the country's Ministry of Finance. The decrease in the deficit is due to a significant increase in budget revenues due to the postponement of the 2019 tax payment deadline from April 15 to July 15 due to the COVID-19 pandemic.

The day before, the US Department of labor reported that inflation in the country remained at 0.6% in July. In annual terms, consumer prices rose 1% after rising 0.6% in June. Experts on average predicted an increase in consumer prices in the US in July by 0.3% compared to the previous month and by 0.8% in annual terms. On Thursday, traders expect the publication of data on the number of Americans who first applied for unemployment benefits.

Australia's seasonally adjusted unemployment rate rose to 7.5% in July from 7.4% in the previous month, the Australian Bureau of statistics said. Thus, the indicator reached its highest level since November 1998. Analysts on average expected a larger increase in unemployment in the country - up to 7.8%.