USD spent another day going ‘nowhere’ as it traded within a tight range of 39 pips last Friday (between 107.36 and 107.75). Indicators are mostly ‘flat’ and USD could continue to consolidate for now. Expected range for today, 107.25/107.95.

USD has traded in a quiet manner and within narrow ranges. The underlying tone still appears to be on the positive side but overall, USD could continue to trade between 107.00 and 109.00 for now.