Shinobi - EURUSD: Bullish momentum is established

The DXY is currently around 104.05 and continues to remain subdued after retracing from its recent peak over an 11-week period. The expected rate of return and inflation rate forecasts are showing a weaker trend. However, economic data is the main reason for the dollar's depreciation. Even though Jack Sams-Holmes didn't have any surprising remarks, economic indicators such as PMI, US employment figures, and ISM Manufacturing are still under the watchful eye of investors this week. The weight of labor market data in August is anticipated to stay at elevated levels as it forms the foundation for decisions on September interest rates. Additionally, investors expect a slowdown in non-farm payrolls as US companies are reducing production due to the fragile economic outlook.