The US dollar remained gloomy as it closed trade at the end of last week due to concerns over the US economic risk to the turmoil of the tariff war.
The latest data shows a decline in consumer sentiment in a report released by the University of Michigan on Friday.
Investors will be cautious this week ahead of the latest FOMC meeting as well as several other major central banks will also disclose their interest rate results.
The Federal Reserve (Fed) is expected to maintain interest rates at the current level, but the follow -up statement by Chairman Jerome Powell will play a role in driving the next market direction.
The Canadian dollar stole the focus at the end of last week when it shows strengthening following the appointment of new Canadian Prime Minister Mark Carney in place of Justin Trudeau.
He without wasting his time expressing his desire to meet President Donald Trump to discuss the administrative policy that triggered a trade war with almost all of his allies.
The issue of tariff war did not show signs of subsiding with Canada and China to be seen as aggressive in response to Tariffs imposed by Trump.
Europe also faces a 200% tariff warning for their wine and alcohol products.
In addition to the tariff war, the market also kept up with the Russian-Ukraine negotiations following the American proposal for a 30-day ceasefire.
In Trump's interview on Sunday, he said that he would know Russia's willingness to propose the Ukrainian ceasefire on Monday.
