Last week’s US dollar movements where not headline worthy as it remained range-bound against a basket of currencies.
The dollar did, however, manage to move aggressively against the euro, although this was mainly due to the Eurozone, specifically news on the French election.
The President’s speech on Friday helped the dollar gain ground and it finished below the 1.25 level at market-close. On Tuesday Donald Trump will address Congress. It is expected that he will shine more light on his tax policies, which markets have been eagerly awaiting.
This week starts with core durable goods data today, followed by a speech from Federal Open Market Committee member Kaplan.
Markets will be keen to find out what Federal Reserve Chair Janet Yellen will say on Friday. Any hints with regard to further interest rate hikes may move the dollar.
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