Dollar only a contact decrease on the stability to begin the week

There isn’t too much action to start the new week but market players will be stepping with some caution at least. That after Trump’s tariffs were deemed illegal by a US federal appeals court over the weekend. That is leaving for a bit of a mess over the next few weeks, with the matter set to be escalated to the US Supreme Court next.

For now, the dollar looks to be taking things in stride for the most part. Sure, the uncertainty continues to cause a dent amid more policy inconsistency and incoherence in general. But at this stage, markets can come to expect that to be part of the script when it comes to Trump’s playbook.

The greenback is keeping little changed today with light changes overall for the most part. It is only EUR/USD that is seen slightly higher by 0.3% to 1.1720 levels. The high earlier touched 1.1733 but is kept in check by short-term resistance around 1.1730-40 for the time being.

Other major currencies are not showing all too much appetite with US markets being out today for the long weekend. Instead of FX, gold looks to be one of the more interesting ones to watch as we get things going on the week.