The US dollar saw little activity of note yesterday, as the week started slowly across the board. With no major data out from the US to affect the markets, the dollar saw no significant movements in any one direction. It lost ground in key areas against sterling and the euro, as well as the most in two weeks against the Japanese yen, on the belief that the yen had been oversold.
Today sees a slight increase in terms of activity, with some mildly influential labour data due. After last Friday’s significantly strong showing from in terms of the non-farm number, the job openings figure could support the dollar should it follow in similar fashion. Aside from this, the day remains largely quiet, and as such could see less opportunity for movement – bar any upsets from outside of the US.