The US dollar ended the trade with a lackluster performance at the end of last week as the focus in the final session was on key economic data.
The market examines the PCE price index data which measures the personal spending of consumers in the United States (US) for last June.
The reading of the index met the forecast to increase to 0.1% after a reading of zero in May, and was not seen to invite a good response from the market.
The market still maintains the prospect of a Federal Reserve (Fed) interest rate cut later in September, but the percentage decreased slightly after the slightly positive second quarter US economic growth data.
Market movements at the beginning of this week are expected to be cautious ahead of the results of the FOMC meeting at the opening of July on Thursday morning.
In addition to the Fed, several other central banks will announce their respective interest rates including the Bank of Japan (BOJ) and the Bank of England (BOE).
The situation may be quite different with the BOE expected to lower interest rates, while the BOJ is predicted to raise interest rates.
Not forgetting also the data of the American employment component will be the driver this week involving the reading of JOLTS, ADP and NFP data.
