Asian session review: the dollar rose against the euro and yen

During today's Asian trading, the US dollar rose against the euro and the japanese yen.

The ICE index, which tracks the dynamics of the US dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.09%.

The dollar may continue to strengthen in the near future against the background of continuing contradictions between the US authorities regarding the stimulus package, experts say. Also, we cannot exclude the risk that the results of the US presidential election will not be known immediately or will be disputed, which may provide additional support to the dollar.

Market participants continue to closely monitor the situation around the US election campaign. According to polls, democratic presidential candidate Joe Biden is leading, and his margin of victory over incumbent President Donald Trump is increasing.

The yuan traded steadily against the dollar. China's exports in dollar terms in September increased by 9.9% relative to the same month last year, according to data from the General customs administration. Growth was recorded for the fourth consecutive month. Experts on average expected an increase of 10%. The volume of Chinese imports jumped 13.2% compared to September 2019 after declining for two consecutive months. At the same time, experts expected an increase of 0.3%.