Asian session review: the dollar was almost unchanged against the euro and yen

During today's Asian trading, the US dollar exchange rate changed slightly against the euro and yen, and traders continued to evaluate the minutes of the July meeting of the US Federal reserve system, which was published the day before.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose 0.20% from the previous day.

Fed officials during the July meeting noted high uncertainty about the prospects of the US economy in connection with the coronavirus pandemic, according to the minutes of the Federal open market committee (FOMC) meeting on July 28-29. The participants of the meeting expressed the opinion that the American economy will probably need additional support, but did not decide when they should start using new tools.

The exchange rate of the chinese yuan declined slightly against the dollar. The People's Bank of China (PBOC) kept its benchmark annual interest rate at 3.85%. The country's Central Bank left the rate unchanged for the fourth month in a row after cutting 20 basis points in April to revive the economy, which has been hit hard by the coronavirus pandemic. The rate on five-year loans was left at 4.65%, the PBOC said on Thursday. This decision coincided with market expectations. Last week, the PBOC kept the rate on one-year loans under the medium-term lending program (MLF) at 2.95% per annum.