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

The ICE index, which tracks the dynamics of the us dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), rose by 0.03%.

The dollar index continues to strengthen after the highest monthly decline in the past ten years. However, the combination of growing economic and political uncertainty in the context of the COVID-19 pandemic and in the run-up to the November US presidential election may pose a "collapse risk", usually characteristic of emerging markets currencies, analysts warn, adding that the US economic uncertainty index has jumped to the level of the rest of the world, although before the pandemic it was significantly below the global level.

Meanwhile, interest rate cuts and other monetary easing measures by the US Federal reserve, as well as a drop in treasury yields to near record lows, significantly reduced the dollar's premium to other safe haven currencies.

The australian dollar gained 0.25 percent against the U.S. dollar. The Reserve Bank of Australia, as expected, kept the key interest rate at a record low of 0.25% per annum.