06 May 2019 : King Dollar struggled for direction on Monday despite Trump’s tariff threats fueling risk aversion. The lack of action seen in the Greenback could be based on investors digesting last week’s mixed US jobs report. Although the US labor force continues to display resilience, wage growth remains a sore spot for the Federal Reserve. Investors will most likely direct their attention towards Jerome Powell’s speech later in the week for more insight into interest rate timings. Should the central bank head sound remotely dovish or fail to bring anything new to the table, the Dollar could end up weakening.

Reporting for EasyKobo on Monday , 06 May 2019 in Lagos, Nigeria

Source: Lukman Otunuga, FXTM Research Analyst