US Dollar Holds Steady as the Week Commences

USD: Sitting Pretty in the Middle

At the start of the week the US dollar was all about the same – it didn’t budge. Three sessions in a row, nope, nothing. And folks who thought a quick rate cut would pop up are now losing hope just as fast as the market greets an empty coffee cup.

Why the Dollar is Holding Steady

Retail sales & jobs rung louder than expected: The numbers came in with a bit more juice than anyone anticipated.
Fed keeps the hawk in its feathered beak: Senior officials have reaffirmed that the central bank’s view is still “tight.” No early rate cuts on the horizon.

So, what’s next? Traders are bracing for fresh data that could shift the narrative. Keep your eyes on the tickers, because could the dollar pop up or slump down at any point?

Euro: Looking for a Pin on the ECB Line

For the euro, the vibe is “peripheral.” Trading will likely stay on the sidelines while traders count down to Thursday’s ECB meeting. The bank is expected to keep rates flat, which should keep the euro from spiraling. In short, the euro will probably stay in a comfortable range, hoping the ECB’s decision grooms a little confidence boost.

Pound: The Sticky Roller Coaster

The British pound remains stubbornly stuck in its own range, just as it has been for weeks. If inflation sees a stronger upswing, that could royal read‑mission us to a higher Bank of England rates. Until then, the pound is just hanging out, ready for any new data that might trigger the next step.