The dollar fell on Monday. Earlier it strengthened when the strong US reports (Retail Sales and Consumer Sentiment) lowered investors' concerns about the growth of the economy. The positive statistics also revived expectations that the Federal Reserve may raise the interest rates sooner than expected.
Monday trading was weak with low volatility amid the empty economic calendar. The financial markets in Germany and France did not work celebrating Monday of the Holy Spirit. The UK did not publish any important news either.
On Monday, the yen lost its previous gains against the dollar, falling after the growth in the previous days (due to disappointing Chinese economic reports).
Machine Tool Orders in Japan, the Fed report, Consumer Prices and Industrial Production in the US will be the focus of our attention this week.
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