During today's Asian trading, the US dollar rose against most currencies on the back of an increase in the yield of US treasuries, due to the growing confidence of traders that active vaccination against COVID-19 in the US, as well as additional stimulus measures, will support the recovery of the US economy in 2021.

An increase in interest rates on US Treasury bonds traditionally supports the dollar - the higher the rates, the more attractive the US currency is for buyers. The yield on 30-year US Treasury bonds at the end of trading on Wednesday rose to the highest since February 2020 of 1.928% per annum.

The euro, which rose earlier this year to the highest since 2018 against the dollar, is losing its appeal, and traders are abandoning "bullish" forecasts for the European currency. Slower than in the UK and the US, the pace of vaccination in the EU countries can cost the European economy tens of billions of euros of lost GDP, experts say.

Analysts at Nomura have already announced the curtailment of long positions on the dollar, while Deutsche Bank warns about the possibility of a decline in the euro to lows since November last year.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), was 0.16%.