The
dollar recorded greater losses on Friday when several weak report from the US
provoked misgivings that the Fed may slow the interest rates increase. The
greenback took a breather in the early morning yesterday amid hopes that the
data on personal spending and business activity will return positive sentiment
among investors.
On Friday the euro recorded solid gains against the dollar, but failed to hold
to the end of the day. The greenback came under pressure after several weaker
reports about the US economy, including that of gross domestic product, and
this hesitated the investors.
Analysts believe that the dollar may return to profits this week, if supported
by the upcoming macroeconomic news from the US. Later today will be presented the
data of ISM regarding the manufacturing activity and with highest interest is
expected the report on the change in non-agricultural employment, which will be
published on Friday.
Another important event of the week will be associated with the meeting of the
Bank of Japan, which will also be held on Friday. Set by the institution aims
for growth in inflation does not justify in any way and the market participants
expect to see a further expansion of the incentives. Such attitudes had previous
meetings of the central bank, but for the moment the institution to refrain
from this move.
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