The U.S. dollar was seen trading mixed on Monday with a slight risk aversion putting the safe haven yen and the Swiss franc on the front foot. Economic data was relatively light on the day. The markets continue to remain cautious on escalating trade war rhetoric between the U.S. and its trading partners including China.
The economic calendar for the day is relatively quiet. The ECB president, Mario Draghi is expected to speak for the second day today at the banking conference in Portugal. This is later followed by the Eurozone current account report.
The U.S. trading session will see the release of the building permits data. Economists forecast that building permits increased 1.35 million in the month of May, slightly lower than the 1.36 million seen the month before.
The U.S. housing starts data is also expected during the day.
