The US Dollar trades flat on Monday as the economic calendar takes a quieter turn.
The Greenback is firmly up against the Chinese Yuan and the Japanese Yen this Monday.
The US Dollar Index trades near 105.00 and could extend its recovery after its slide on Friday.
The US Dollar (USD) is giving traders some room to digest the recent headlines that came in after the turmoil in Friday’s trading. The US Jobs Reports missed estimates, although the data was not bad either as the Nonfarm Payrolls Change and the Unemployment Rate suggested still good labor market conditions. The week ahead will be light in terms of economic data releases, but Federal Reserve speakers will return to the stage and their interest-rate outlook has the potential to move the needle for the US Dollar.
On Monday, the Fed will publish the Senior Loan Officer Survey (SLOOS), in which the central bank looks at 80 large domestic banks and 24 branches of international banks to measure current credit and lending conditions. The report can impact decisions on setting interest rates and discount rates. Ahead of the SLOOS release, Federal Reserve Bank of New York President John Williams will speak at a Q&A session in California and Federal Reserve Bank of Richmond Thomas Barkin will also take the stage.
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