USD on the front foot after strong recovery last week

Last week USD came to previous state, and you could saw some changes in trading. We might look at 3 important data releases this week, out from USA, Canada and EU, to be aware of markets situation.

So, we are waiting for the Canadian Trade data, which is of paramount importance to the value of the CAD. Also, the release of the Prelim CPI m/m by Germany and the CB Consumer Confidence figure out of the US which will indicate the financial confidence of surveyed households in the country.

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