Closing the trade at the end of last week, the market was somewhat confused as the focus turned to the publication of the United States (US) NFP employment data report.
This is after the latest report came up with a surprising figure with an increase in employment in October of only 12,000.
The figure was significantly lower than the forecast of 106,000 with a significant difference in September which was slightly revised down to 223,000.
The Bureau of Labor Statistics (BLS), which released the report, explained that the latest job growth figures were not accurately measured due to the disruption caused by hurricanes that hit parts of the United States.
However, the other components were said to be unaffected by the reading of the unemployment rate in October, which met the forecast of remaining at 4.1% while the average hourly earnings increased to 0.4%, beating expectations of 0.3%.
The US dollar saw a mixed reaction after the report was published, seeing it weaken briefly at the start of the New York session before recovering to strengthen heading into the session's closing trade.
However, the risk to US dollar trading does not stop there due to the big turmoil that will hit the market this week.
Uncertainty is escalating closer to the US presidential election that will take place tomorrow night (Tuesday).
The vote will determine the outcome of the presidency for a new term between the Republican candidate, Donald Trump and the Democratic Kamala Harris.
Also shaking the market, the results of the FOMC meeting for the November issue will be in focus at the end of the week.
In addition, this week will also be the policy meeting of the central bank of Australia (RBA) and also the central bank of England (BOE) for the announcement of their latest interest rates.
