Asian session review: the dollar declined against most major currencies

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

The ICE Dollar index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell by 0.15%.

Goldman Sachs experts predict a weakening of the US currency against the background of the global economic recovery, which, in their opinion, will be fast.

"Global growth in the next six months will be very strong thanks to mass vaccination," Goldman Sachs said in a review. "We believe that global cyclical forces will to some extent outweigh the US 'outperformance' factor, which will lead to a weakening of the dollar in most pairs."

The pound rose 0.12% against the US dollar. The day before, the pound rose above the $1.39 mark for the first time in almost 3 years, thanks to the success of the UK in terms of mass vaccination and optimism about the imminent abolition of lockdown in the country.

British Prime Minister Boris Johnson said over the weekend that 15 million doses of the COVID-19 vaccine had already been used in the country. Thus, the UK is ahead of other major countries in terms of vaccination rates.

Meanwhile, the minutes of the Reserve Bank of Australia (RBA) meeting on February 2 showed that the Central Bank intends to keep the base rate at a record low (0.1%), as well as maintain the same volume of bond purchases for as long as it takes to achieve a steady increase in inflation and wages, as well as reduce unemployment.