The dollar strengthened at the end of last week and is trading around the same levels this morning.
It’s a busy week in the US with the Federal Reserve’s next monetary policy meeting, ISM Manufacturing PMI, Balance of Trade Figures and Non-Farm Payrolls.
With the previous two job reports missing predictions, any further disappointments could impact the dollar.
Federal Reserve Chair Jerome Powell is likely to announce tapering in the Fed meeting on Wednesday, but markets will be listening closely to the details. The tapering is expected to take around eight-months at a pace of $15 billion per month, however any surprises could affect the greenback.
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