U.S. dollar lower below 2 1/2 year lows

Weekly synopsis

The U.S. dollar dropped aggressively to more than 2 1/2 year lows versus its main counterparts last Friday following the increase in doubts whether the FED will be delivering a further rate hike in 2017.

U.S. dollar index at 91.31

The U.S. dollar index traded at 91.31 declining 0.2%, with the index ending the week 1.55% lower.

The latest hurricanes in place having had a tremendous negative impact on the economies, as well the worries over North Korea's missile, create somehow of a financial worldwide chaos.

The USD/JPY reached the 107.32 zone, the EUR/USD approached 1.2092, and the GBP/USD to 1.3195 rising 0.65%.

Weekly major events

On Monday, Canada will be publishing its housing starts data and Japan its core machinery orders.

On Tuesday, the U.K is to release its monthly inflation report and Australia its business confidence figures.

On Wednesday, the U.K will be releasing its monthly employment report, and the U.S. and Switzerland their PPI data.

On Thursday, the U.S. is to publish its initial jobless claims and CPI figures, Canada its house price inflation, the Bank of England its interest rates decision, the SNB its monetary policy decision, China its fixed asset investment data, and Australia its monthly jobs report.

On Friday, the U.S. will be rounding up its industrial production, retail sales and economic sentiment, and New Zealand its manufacturing activity data.

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