Asian session review: the us dollar declined against the euro and the yen

During today's Asian trading, the dollar fell against the euro and the yen, while traders continue to monitor the counting of votes in the US presidential election and wait for the results of the meetings of the Federal reserve system.

The pound rose on the back of the results of the Bank of England meeting. As expected, the Bank of England kept its benchmark interest rate unchanged at 0.1%. At the same time, the Central Bank increased the volume of the asset repurchase program by 150 billion pounds, to 895 billion pounds. It was expected to increase to 845 billion pounds.

Experts do not expect the Fed to change monetary policy at the end of the two-day meeting ending on Thursday. However, in their opinion, the Fed can take some measures in case of destabilization of financial markets after the US presidential election.

Despite the fact that the Fed usually does not comment on political events, it can decide to support financial markets if the election result is controversial and provokes sharp market fluctuations.

Counting of votes after the presidential election held in the United States on November 3, continues, and according to the latest data, the democratic candidate Joe Biden is ahead of the incumbent President Donald Trump.

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), fell 0.1%