Approaching the end of September, the market opened trading early this week with a gloomy atmosphere due to concerns over the risk of a government shutdown in the United States (US).
This could also lead to a delay in the release of the September jobs report this week, which is an important indicator of the direction of the financial markets entering the opening of October trading.
President Donald Trump will meet with top Democratic and Republican leaders in Congress on Monday to discuss extending government funding.
If no agreement is reached, the government shutdown will begin on Wednesday.
After the results of the September FOMC meeting were announced last week, investors will look for further clues in the components of US employment data that will be published this week.
JOLTS, ADP and NFP data will provide an insight into the Federal Reserve (Fed) following a signal to continue cutting interest rates at the remaining meeting at the end of 2025.
The US dollar was traded weak on the last day of last week after strengthening for 2 consecutive days.
The PCE price index data released on Friday met expectations to remain unchanged from the previous reading, with the US dollar reacting weakly until the close of the last trading session of the week.
Market analysts saw profit-taking activity taking place at the end of the week and the US dollar moving back on track after a clear signal from the Fed to continue easing its monetary policy.
