U.S. dollar lower after Yellen's statement

Weekly synopsis

The U.S. dollar declined versus its main counterparts last Friday, following Janet Yellen's, FED Chair, statement that a rate increase could take place this month, should the nation's economy resume stable and on track.

U.S. dollar index to 101.25

The U.S. dollar index traded to 101.25 declining 0.79%. The USD/JPY pair approached the 114.04 level falling 0.32%, the EUR/USD to 1.0621 rising 1.09%, and the GBP/USD to 1.2303 appreciating 0.31%.

Weekly major events

On Monday, Neel Kashkari, Minneapolis FED President, will be giving a speech, the U.S. is to release its factory orders data, and Australia its retail sales figures.

On Tuesday, Canada and the U.S. are to release their trade figures, U.K its house price inflation and industry data, Germany its factory orders, and the RBA will be announcing its monetary policy decision, benchmark interest rate, and economic conditions statement.

On Wednesday, Canada will be publishing its building permits, the U.S. its ADP nonfarm payroll report, Japan its economic growth for Q4, and China its trade balance data. Philip Hammond is to outline the British budget.

On Thursday, Canada will be reporting its new house price inflation, the U.S. its import prices and unemployment claims data, China its producer and consumer price inflation, and the ECB will be announcing its monetary policy decision.

On Friday, the U.S. shall be rounding up on nonfarm payrolls, the U.K is to publish its trade balance and manufacturing production data, and Canada its monthly employment report.

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