With this week just starting, not much has happened short of a general continuation of last Friday's closing movements. The USD has begun the day with a modest uptrend against some of its rivals, but this could be easily disrupted with insecurity following President Barack Obama's statements regarding the financial crisis at 16:00 GMT. China appears poised to make large moves in the financial sector following Obama's speech, which may reverse current trends.
In the event that market optimism drops as a result of sudden fear from uncertainty, the USD may continue its modest upward trend against all of its currency rivals. However, President Obama has recently carried a somewhat calming effect on financial markets, and stocks appear to be anticipating a rebound later today. Such a result will no doubt return forex positions back towards last week's general movement towards risk appetite and a bearish USD.