Asian session review: the dollar declined against most major currencies

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

On Tuesday, statistics showed a slowdown in US retail sales growth to 0.3% in October from 1.6% in September. Commenting on retail sales data, the chairman of the Federal reserve Bank of Atlanta, Raphael Bostic, noted that compared to the strong recovery that began in May and was observed in the summer, the statistical data in the fourth quarter may be weak.

Meanwhile, Fed Chairman Jerome Powell said that the increase in the incidence of coronavirus will pose a serious risk to the economy in the coming months. He also noted that it is too early to say whether the appearance of the vaccine will change the forecasts.

The yen rose against the dollar. Exports from Japan fell in October for the 23rd consecutive month, but the pace of decline slowed significantly due to strong demand in all regions of the world, with the exception of Europe, amid a gradual recovery of economies after the shock caused by the COVID-19 pandemic.

The pound also rose. Investors continue to follow the discussions on a trade agreement between London and Brussels. Britain's chief negotiator David Frost has informed Prime Minister Boris Johnson that a deal could be reached early next week.

The ICE index, which tracks the US dollar against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.17%.