Monex Europe analysts said in the report that if the upcoming US economic data is stable, the US dollar may turn higher. The dollar's pullback is likely to be temporary rather than the beginning of a more lasting trend. “This transformation could begin as early as today,” they said. The market's focus is on the upcoming US JOLTS job vacancy data and ISM service industry index. These data may paint a “relatively optimistic picture” for the US economy.

Monex Europe analysts said in the report that if the upcoming US economic data is stable, the US dollar may turn higher. The dollar's pullback is likely to be temporary rather than the beginning of a more lasting trend. “This transformation could begin as early as today,” they said. The market's focus is on the upcoming US JOLTS job vacancy data and ISM service industry index. These data may paint a “relatively optimistic picture” for the US economy.