Last week Federal Reserve gave signal to expect one more interest rate hike this year. All attention is giving to coming Yellen’s speech on Wednesday. Investors are expecting to get any new comments on policy. If her tone will be considered as hawkish, dollar index can rally.
We also have ahead important economical data to be released on Friday – non farm payrolls and PMI. Market is expecting to see growth on these reports. So, if data will be negative dollar index can come back to minimum of this year. In case data will overcome expectations, dollar index can hit 95 level.