Asian session review: the dollar declined against the euro and the pound

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

Strong statistical data from China supports risk appetite, which limits demand for the dollar, yen and other safe haven assets.

Experts note that statistical data increases confidence in the economy and eases fears that the situation will worsen due to the continued increase in the incidence of COVID-19 worldwide.

The Purchasing managers ' index (PMI) for China's industrial sector, calculated by Caixin Media Co. and Markit, rose to its highest in a decade in November. The indicator increased to 54.9 points - the highest value since November 2010 - compared to 53.6 points a month earlier. Experts expected it to fall to 53.5 points.

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 0.15%.

The Australian dollar is up 0.31 against the US dollar. The Reserve Bank of Australia kept the benchmark interest rate unchanged at the end of the last meeting in 2020 at 0.1%, and did not change the target yield of three - year government bonds, which is 0.1%.