The US dollar traded weak at the opening of the week after last week's strengthening momentum stalled in the final sessions as the tariff war continued to drive the market.
Market sentiment recovered in the middle of last week following US President Donald Trump's announcement that negotiations were underway with China to resolve tariffs between the two giant economies.
However, at the end of the week, Beijing denied that negotiations were taking place and reminded the Trump administration not to provide inaccurate information.
Thus, the initial strengthening of the US dollar was not continued at the end of the week, instead the market movement began to level off and move cautiously.
After the momentum was lost, the US weakened at the beginning of this week ahead of several important economic data to be published.
Tuesday will start with the JOLTS report which measures the number of jobs offered in the US in March.
The forecast figure is further down to 7.49 million compared to 7.57 million the previous month.
Next on Wednesday will be the ADP employment data before the NFP report will be the main focus this week.
This component of the US employment data will be evaluated by the Federal Reserve (Fed) in setting their monetary policy at the FOMC meeting next week.
In addition, US economic growth data (GDP) and the PCE price index will also be given attention by the Fed in assessing the health of the economy.
