U.S. dollar lower as the index trades at 100.11

Weekly synopsis

Last Friday, the U.S. dollar fell against its counterparts to five-week lows, as the investors estimate that the FED will increase rates gradually.

U.S. dollar index trades at 100.11

The U.S. dollar index traded at 100.11 while being 1.13% weaker on a weekly basis.

The USD/JPY pair traded at 112.68 falling 0.55%, the EUR/USD to 1.0728 declining 0.26%, and the GBP/USD to 1.2395 appreciating 0.31%.

The NZD/USD pair approached the 0.7016 zone rising 0.36% and the AUD/USD to 0.7705 escalating 0.36%.

Weekly major events

On Monday, Canada will be releasing its wholesale sales data, and Charles Evans, Chicago's FED President, is to give a speech in New York on monetary policy. Japan's financial markets will be non-operational due to holidays.

On Tuesday, the U.K is to publish its CPI report, the RBA the latest monetary meeting minutes, Canada its retail sales figures, whereas Loretta Mester, Cleveland FED President, Esther George, Kansas City FED President, and William Dudley, New York FED President, are to appear in public.

On Wednesday, the U.S. will be releasing February's existing home sales data.

On Thursday, the U.K is to release its retail sales data, the U.S. its new home sales and jobless claims weekly reports, and the Reserve Bank of New Zealand will be outlining its monetary policy decision and policy statement. Janet Yellen, FED's chair, will be releasing its policy statement and benchmark interest rate decision.

On Friday, Canada is to publish its inflation data, the U.S. its durable goods orders, the euro zone its private sector business activity, and the New Zealand its trade balance data.

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