Investors are awaiting statements from the Chairman of the US Federal Reserve, Jerome Powell, as well as PMI (Purchasing Managers' Index) data for the US manufacturing sector, which will serve as indicators for future interest rate trends. Investors believe that interest rates will remain steady at 5.25%-5.50% by the end of 2023, with a 56% confidence level.

The US Dollar Index (DXY) has risen above 106.50 following economic data releases from various countries. Additionally, market volatility in the United States remains low due to global economic uncertainty.

The ongoing global economic uncertainty is contributing to the risk of economic slowdown. China's manufacturing PMI has not met expectations, leading to disruptions in trade with its trading partners.

Investors are also awaiting the US manufacturing PMI, which is expected to remain below the 50.0 threshold. US companies are operating with lower production capacity, and the economy is experiencing reduced momentum. In terms of the Canadian dollar, investors are waiting for September's employment data, which will be released later this week. Economic data will also shape the upcoming monetary policy meetings.