The US Dollar consolidates on Monday after whipsaw moves last week.
The economic calendar is quiet on Monday ahead of a busy week ahead.
The US Dollar Index trades around 105.30, in the middle of last week’s range.
The US Dollar (USD) is trading flat and quiet on Monday, with the DXY US Dollar Index right in the middle of last week’s range at 105.30. The week starts calm on the economic data front, but it will get busier as days go by with the release of the US Producer Price Index (PPI) numbers on Tuesday and the Consumer Price Index (CPI) data on Wednesday.
On Monday, two US Federal Reserve (Fed) members are set to take the stage: Federal Reserve Vice Chair Phillip Jefferson is set to deliver opening remarks and participate in a Q&A session at the Theory and Practice conference in Cleveland. Jefferson will be joined by Federal Reserve Bank of Cleveland President Loretta Mester in that same session. Both Fed speakers are voting members at the Federal Open Market Committee (FOMC) for this year.
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