ChainCatcher news, Brown Brothers Harriman & Co. (BBH) said that the market has overreacted to the recent weak U.S. data, and the Federal Reserve may still not be as aggressive as other central banks in easing monetary policy, thereby supporting the U.S. dollar.

Elias Haddad, senior market strategist, said that overall, economic growth is still above trend, indicating that the market has overpriced in aggressive easing again. This week's U.S. economic data is expected to prompt traders to reassess their bets on the Fed's easing policy.

He added: "Data this week should show that contrary to market expectations of aggressive Fed easing, the U.S. economy is relatively healthy, and the dollar is expected to rebound further if and when a repricing occurs."