The U.S. Dollar extended its decline on Monday after the recent miss in the U.S. Non-Farm payrolls. The Greenback was down against other major currencies as traders await the release of the latest inflation data through the consumer price index.
When looking at the recent stock market movements, we can see that major stock indexes managed to start the week on a positive note. The Dow rose 0.62% adding more than 200 points, the S&P500 advanced 0.24% while the Nasdaq composite was up 0.18%. This is the first rise for U.S. stocks after being three-day of losses. As mentioned earlier, the focus on the upcoming inflation figures that are likely to give guidance to investors about the future monetary policy that the FED can adopt. The probability of a 25bps rate hike by the end of this month remains at 92%.