On Monday, the US dollar remained stable as traders prepared for a busy week with decisive events in the markets. The focus is on the meetings of the Federal Reserve System (Fed), the Bank of Japan and the Bank of England, as well as an important report on employment in the United States, which will be published on Friday. The dollar index, which measures its value against the euro, yen and four other major currencies, rose 0.18% to 104.56.

Technically, on Monday, the Euro overcame the lower limit of the local range around $1,0830 and met resistance from buyers. The upcoming data releases are likely to become catalysts for further developments and, possibly, an increase in volatility.
From the upcoming events, we will wait for the publication of preliminary data on GDP and consumer price index for the second quarter in Germany.