The dollar is caught in a push and pull mood in the first two days this week, making it tough to find much conviction thus far. Trade uncertainty continues to be something to note but there are positive murmurs as Trump might not go all ballistic as he did in April. In any case, we’ll just have to wait and see. After the gains in the dollar and stocks yesterday, we’re seeing a more subdued mood today.
The ranges among dollar pairs are leaving a lot to be desired, with less than 0.1% change across the board for now. That makes for a quieter approach to European trading later. And with little on the agenda in the session ahead, that could make for a slower and more muffled session in general.
Things should pick up a bit more as we get to US trading though, with there being the ADP employment roulette report.
Looking elsewhere, S&P 500 futures are down 0.1% while gold is marginally higher by 0.2% to $3,359 currently.
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