The dollar instruments multidirectional movement points to the fact that most of the players are waiting for the Fed meeting which will take place this week. Most of the dollar instruments continue to move in the dollar favor, but some major European pairs have stopped falling and are at the previously achieved levels at least. This situation may point to the dollar positions profit close.
The American dollar slightly rose last week. The traders are waiting for the Fed rate increase in the mid-2015.
The initial jobless claims release put some pressure on the dollar, but given the fact that we had the Labor Day the last week, the correction was negligible. It was expected that the claims number will be 300 thousands. The growth amounted to 11 thousand up to the 28 June maximum with 315 thousand claims. The market participants interpreted the data as weekly variations in terms of the labor market situation improving.
The FOMC meeting will be held on September 16-17, during which as expected, the possible interest rates changes will be published. Since March of this year, the Fed says that rates will remain near zero levels for the considerable time after the quantitative easing program end in October this year.