On Friday against the backdrop of possible risks associated with a likely further test of nuclear weapons by North Korea, investors were set against the dollar. However, no tests were conducted, which provided support to the dollar and the market opened with a gap in favor of the dollar.
In addition, hurricane Irma continues its movement along the coast. According to the forecasts of analysts Irma should end around 8am local time. The consequences of the hurricane may amount to a much smaller amount of damage than expected, which also has a positive effect on the dollar rate.
Regarding the Japanese yen, the dollar also won back its positions.
At the moment, the EUR/USD pair is trading near the 1.2000 mark. The pair USD/JPY opened and traded above the level of 108.0.
This week we expect the publication of a number of macrostatistics indicators for the United States. Tomorrow we expect the release of data on the number of open vacancies for July, which may well exceed the expectations.
The Swiss National Bank will make a decision on monetary policy. In this case, as with the ECB, no changes are expected and the regulator will likely express concerns about the strong currency.
Overall, the week started on a positive note for investors.
