Asian session review: the dollar rose against most of the world's currencies

During today's Asian trading, the US dollar rose against the euro, the yen and the pound on the back of continued growth in US Treasury yields.

US Treasury yields continue to rise on the statements of the head of the Federal Reserve Jerome Powell. Powell confirmed the central bank's intention to maintain a soft monetary policy. "Today, we are still far from the goals of achieving maximum employment, as well as an average inflation rate of 2%," he said.

Asked about the rise in US Treasuries yields that has been worrying investors lately, Powell said that "it was noticeable and caught his attention." However, he made it clear that the Fed is not preparing any steps to curb the rise in interest rates.

The yield on 10-year US Treasuries is at 1.55% on Friday. The growth in the yields of US government securities traditionally supports the dollar: the higher the rates, the more attractive the US currency is for buyers.

China has set a 2021 GDP growth target of " 6% or higher." The goal, which was announced by the Premier of the State Council of the People's Republic of China Li Keqiang, is significantly lower than the forecasts of the vast majority of experts who expect the Chinese economy to grow by more than 8% this year. At the same time, many economists believed that China would refuse to set a target for economic growth for the current year at all, as it did last year, when it did so for the first time since 1994.

The ICE index, which tracks the dollar's performance against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose 0.10%.