Dollar holds losses before data releases
The dollar index held around 98.4 on Monday after declining for three straight weeks as investors prepared for key US data releases this week that were delayed by the government shutdown.
November nonfarm payrolls are scheduled for release on Tuesday, alongside October retail sales, followed by the November consumer price index on Thursday.
Last week, the Federal Reserve cut interest rates by 25 basis points but signaled a less hawkish path than markets had anticipated.
Cleveland Fed President Beth Hammack indicated a preference for slightly more restrictive rates to keep inflation under control, while Chicago Fed President Austan Goolsbee projected more rate cuts in 2026 than many of his colleagues.
Meanwhile, President Donald Trump stated on Friday that he is considering either former Fed Governor Kevin Warsh or economic adviser Kevin Hassett to lead the central bank next year.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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