The US dollar index edged lower to around 99 on Monday, trimming gains from the previous session as investors braced for a busy week of key economic data and trade developments.
Sentiment was influenced by renewed hopes for progress in US-China trade relations as President Donald Trump announced that officials from both countries would meet in London later today, following a recent phone call with Chinese President Xi Jinping.
On the data front, markets are awaiting several major economic releases. The Consumer Price Index is due Wednesday, followed by the Producer Price Index and the University of Michigan's consumer sentiment report on Friday. These figures could offer fresh insight into how tariffs are influencing inflation and broader economic conditions.
The dollar had strengthened on Friday after the May jobs report showed slightly stronger-than-expected employment growth, although private employment, jobless claims and services data pointed to some weakness in the economy.
Source : Trading Economics
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