The American dollar began this week on a steady note, contrary to the weeks of losses it suffered previously.
It is likely that the USD was able to find support amid positive economic statistics. The United States released data on wage growth on Friday which is optimistic and among the best indicators of economic health the US has had over the past few years.
As a result, stock indices declined in favor of bond yields and helped push the dollar up. This is giving investors more hope in the three rate hikes for 2018 promised by the Federal Reserve.
Still, the dollar index hasn’t moved much and is still at 89.175.
