USD steady ahead of FOMC minutes; quiet trading day expected

The US dollar index holds near 105.20 as markets await the FOMC minutes release, though limited volatility is expected given the dated nature of the information. Major pairs are trading in tight ranges with EUR/USD hovering around 1.0850, GBP/USD at 1.2750, and USD/JPY consolidating near 157.50. Today's economic calendar is notably sparse, with only the Federal Reserve's meeting minutes from the June policy decision scheduled for release. Market participants recognize that these minutes reflect discussions from several weeks ago and typically offer little new insight into current Fed thinking. Technical indicators suggest continued range-bound trading, with EUR/USD facing resistance at 1.0880 and support at 1.0820. Traders are likely to maintain cautious positioning ahead of more significant data releases later in the week, including Thursday's US CPI and Friday's University of Michigan consumer sentiment data.