Asian session review: the dollar was little changed against the euro

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

Investors' attention shifted to the growing number of cases of coronavirus infection and its impact on the economic forecast.

The Chairman of the Federal reserve system Jerome Powell believes that it is too early to speak about progress in developing a vaccine against coronavirus will affect the US economy, especially given the increase in the number of infections that could weaken the recently started economic recovery. "The next few months may not be easy," he said on Thursday.

News earlier this week of the success of trials of the COVID-19 vaccine developed by Pfizer and BioNTech has stirred global markets, including foreign exchange. However, analysts say the introduction of the vaccine means less stimulus in the US.

Traders are still waiting for the official results of the US presidential election held on November 3, which also determines the fate of new incentives. It is already clear that the Democratic candidate Joe Biden won enough votes to become the new President of the country. Meanwhile, the current President, Donald Trump, does not admit defeat, and his lawyers have filed lawsuits in a number of States where, as they claim, violations were committed.

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.07%.