Euro and Pound lower as investors haven't lost faith in the bullish Dollar

A smooth start for the week yesterday in the currency markets but with enough price action to show us that volatility is expected to remain elevated this week as well. After the important miss of the US jobs report on Friday the major money markets are now adjusting to the new levels of expectations regarding Fed’s rate policy and the outlook of the major currencies. Even though the NFP report missed its mark on Friday and as a result the Dollar posted losses across the board the US currency managed to claw back some of these losses during the first session of the week. The buck was back in charge against the Euro and the Pound mainly due to two reasons: bearish fresh reports from the Eurozone and the UK and sustained confidence from investors on the broader outlook of
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