The US dollar traded slowly at the opening of the first week of September with the American market also on holiday in conjunction with Labor Day.
The anticipation of the latest Federal Reserve (Fed) monetary policy meeting will make investors more cautious for the trading period in the coming weeks.
The important indicator this week will be the component of the US (US) employment data which will help policymakers assess the health of the country's labor sector.
The NFP employment report at the end of the week is expected to have a major impact on currency movements.
For indicators next week, US inflation data will be given attention as final preparation ahead of the meeting.
Still remaining for the expectation of a Fed interest rate cut for the September FOMC meeting, the US dollar is under pressure and is trading at a 5-week low.
Market analysts see that after a decade, the US economy is losing performance with concerns directed at the labor market, as Fed Chairman Jerome Powell also mentioned at the Jackson Hole symposium conference earlier today.
In the New York session tonight, the ISM survey data for the US manufacturing sector will be evaluated for the August reading.
The forecast figure is expected to increase slightly but still below the 50-point mark that indicates a contraction in the sector.
