USD Has Good Start of Trading Week

Traders are reserved at the beginning of this week. Market participants are in no hurry to make their trading decisions. The index of the world’s leading currency gains ground. Investors ignored the news about the sluggish pace of job creation in the United States. Currency strategists expect that the US dollar index will reach the level of 93 points by the opening of the New York trading session. Today, the United States will not release any important macroeconomic statistics. Tomorrow, the fed officials are expected to deliver speeches. Probably, they will touch upon the issue of the need to raise the interest rate several times this year. This is one of the main reasons behind the growth in the US dollar exchange rate during the Asian session.

The USD/JPY has already breached the level of 113.00. The second important factor that contributes to a rise in this pair is a calm situation on the Korean peninsula. There is a hope that the leaders of South and North Korea will reach a compromise. Interestingly, the US dollar also strengthened against the Australian currency during the Asian trades. The AUD/USD pair came close to the level of 0.7830. Analysts expect that this week the US dollar will come under the spotlight as a deluge of key economic reports will be delivered. This data may help investors to forecast the future movements of the greenback against other major currencies.

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