The market is focused on the US (US) NFP employment report published in the last trading session of last week.
Analyzing the report, the recorded job increase was 177,000 for April which is better than the forecast of 138,000.
However, the figure is actually lower than the previous month which is 185,000 which has been updated down from the original reading published at 228,000.
Average hourly earnings recorded a decrease of 0.2% compared to the forecast to remain at 0.3% while the unemployment rate met the forecast to remain unchanged at 4.2%.
Overall, the report reading is good for April although not very satisfactory.
However, this may ease some concerns about the risk of recession before and open the way for further interest rate cuts by the Federal Reserve (Fed) at the latest meeting.
The FOMC meeting early Thursday morning will be the main focus of the agenda this week.
The US dollar showed a lively movement last Friday as the market reacted to the published NFP report.
The US dollar weakened briefly before gradually recovering towards the close of the New York session.
Investors will continue to monitor the development of the tariff war as President Donald Trump signaled that trade talks will take place this week.
