USD opens the week stronger

Market sentiment was positive on the open for the week following the US Labour market report on Friday afternoon. This showed a gain of 209,000 jobs as well as a fall in the unemployment rate. The USD is set to have a stronger week that recently and focus will be on Fed speakers Bullard and Kashkari.

Later on in the week we see the key piece of data being US CPI inflation which is released on Friday. This has dropped in the past 4 months and investors will look for an increase to support a Fed hike for September or December.