The US dollar performed well in trading last Friday by recovering compared to the depreciation of the previous day.
In the focus of the weekend, manufacturing and services PMI data were published involving readings for the Eurozone, the UK and the United States (US).
The overall reading for the February report was seen as quite mixed for both major sectors of the economy.
Looking at the readings for the US, the services sector declined, recording a decline below the 50 figure which indicates a contraction, while the reading for the manufacturing sector was better than expected.
The US dollar was again traded weak at the opening of the Asian session this morning (Monday) with the main focus that will affect the currency this week being the PCE price index which measures personal spending by US consumers.
The data, which is one of the components of inflation, is also the focus of the Federal Reserve (Fed) in setting their monetary policy.
In addition to economic data, investors will also be vigilant according to the development of current issues that can affect market sentiment.
Regarding the Russia-Ukraine war talks held in Saudi Arabia last week, President Donald Trump is confident that the conflict will be resolved this week after sending a delegation to meet with Russia.
The market is also awaiting new developments in the tariff war after a few weeks earlier, Trump was quick to announce tariffs on imported goods involving various sectors.
