During today's Asian trading, the US dollar rose against the euro and the pound, and was almost unchanged against the yen and the australian dollar.

Traders are evaluating the statements of US Treasury Secretary Janet Yellen and are waiting for the May data on consumer prices in the US, which the Ministry of Labor will release on Thursday. Yellen said on Sunday that U.S. President Joe Biden, in her opinion, should pursue the implementation of his proposed programs to support the economy totaling $4 trillion, even if it will increase inflationary pressures and increase interest rates in the country.

"If interest rates rise slightly, it will be a plus both from the point of view of society and from the point of view of the Federal Reserve (Fed)," Yellen said.

American experts differ in their forecasts regarding the future dynamics of inflation in the United States. A number of economists, including Yellen, believe that the increase in inflationary pressure is caused by the consequences of the pandemic and is temporary. Others fear that the large-scale stimulus proposed by Biden will create sustained inflationary pressures over the long term.

According to Yellen, Biden's programs will require an increase in government spending of about $400 billion a year, and this is not enough to cause a long-term increase in inflation.

The consensus forecast of experts provides for an acceleration of inflation in the United States in May to 4.7%. In April, consumer prices rose by 4.2%, the fastest pace in 12 years.

The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.11%.