Maintaining the market situation of last week, the US dollar continued to move weakly at the opening of the early week yesterday, recording a fall to a 7-month low.
Investors await further guidance from Federal Reserve (Fed) Chairman Jerome Powell this week at the Jackson Hole symposium later in the week.
There was no change in expectations for a Fed interest rate cut in September, but the percentage forecast for a rate cut of either 25 or 50 basis points continued to be watched by investors.
Expectations of the Fed's previous aggressive easing have faded slightly since last week, dampened by positive readings of United States (US) retail sales data.
In addition, investors will also want to get an indication of the signal from Powell whether interest rate cuts will continue at the next meeting.
However, knowing Powell personally, market analysts do not expect him to give clear details until the FOMC meeting.
For the economic data that will be focused on today (Tuesday), the minutes of the Australian central bank meeting will be examined in the Asian session, the final reading of inflation figures in Europe will follow before the New York session, Canadian inflation data will be published.
Market sentiment recovered slightly as there was hope for ceasefire talks in the Middle East which also affected the weakening of the US dollar, but investors remained alert to the situation which could change at any time.
Trading in the safe-haven asset gold was also slow at the start of the week after a surge in prices at the close of last week broke an all-time high above the $2,500 level.
