U.S. dollar drops further

Weekly synopsis

The U.S. currency continued to drop last Friday, thus performing its biggest loss on a weekly basis within nearly a year, amid the latest turbulence in place over Trump's administration that resumes dominating the market sentiment.

U.S. dollar index to 97.00

The U.S. dollar index traded to 97.00 falling 0.79%, with the index performing its biggest weekly loss down 2.12%.

The EUR/USD reached the 1.1207 zone appreciating 0.95%, the USD/CHF approached the 0.9729 level falling 0.7%, and the GBP/USD traded to 1.3034 escalating 0.73%.

Weekly major events

On Monday, Canada's market will remain non-operational due to holidays, whereas the euro group finance ministers will be giving speeches in Brussels.

On Tuesday, the U.S. is to release its new home sales data, Canada its wholesale sales, the euro zone its private sector business activity, Germany its business climate, and the BOE Mark Carney will be testifying in economic outlook and inflation.

On Wednesday, the U.S. will be reporting on its existing home sales, the FED its latest policy meeting minutes, Mario Draghi will be giving a speech in Madrid, and the Bank of Canada is to announce its policy statement and benchmark interest rate data.

On Thursday, the U.S. is to publish its jobless claims data, and the U.K its first quarter growth.

On Friday, the U.S. will be rounding up its consumer sentiment, first quarter growth figures, and durable goods orders data.

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