The somewhat risky market sentiment at the beginning of the week is seen to give an advantage to the movement of the US dollar as a safe-haven currency.
In the meantime, investors remain vigilant awaiting several important events this week, especially the FOMC meeting early Thursday morning.
Several other central banks will also announce their respective interest rates in addition to high-impact data that will be published, making investors reduce their respective trading risks.
The Bank of England (BOE) is expected to cut interest rates by 25 basis points, following in the footsteps of the Canadian central bank (BOC) which did so last week.
Meanwhile, Japan's central bank (BOJ) is expected to raise interest rates as investors look for clues about market interventions that have fueled the yen's drastic moves in recent weeks.
In today's New York session, the focus will be on the United States (US) consumer confidence data which will be published at 10pm local time.
Also to be published together is the JOLTS job data which measures the number of job offers that opened in America last June.
This will be one of the important focuses this week in the employment data component in addition to the ADP and NFP data that will follow at the end of the week.
In the European session shortly, economic growth data in Europe including Germany, France and others will be watched by investors and may influence the movement of the Euro currency.
