Asian session review: the US dollar declined slightly against the euro

In today's Asian trading, the US dollar fell slightly against the euro and rose against the yen.

Traders continue to follow the discussion of new economic incentives in the US. On Wednesday, Treasury Secretary Steven Mnuchin expressed doubts about the possibility of adopting a new stimulus package before the presidential election. "At the moment, it will be difficult to accept anything before the election and implement it," he said.

Traders are focused on the fate of the trade deal between London and Brussels. Earlier, British Prime Minister Boris Johnson said that he sees no hope for a deal if an agreement is not reached before the EU summit, which starts on October 15. However, the UK's chief negotiator, David Frost, believes that an agreement is still possible in the coming weeks.

Data on Australia and China were also in focus. Australia's seasonally adjusted unemployment rate rose to 6.9% in September from 6.8% in the previous month, the Australian Bureau of statistics said. Analysts had expected an increase to 7.1%.

Meanwhile, inflation in China slowed to its lowest level since February 2019 in September, amid a marked slowdown in the growth rate of food prices. Consumer prices increased 1.7% year-on-year last month after rising 2.4% in August. Analysts on average predicted an increase of 1.8%.