USD holds steady across majors in quiet Monday morning trade

The US dollar maintained stable levels against major currencies during European morning trading, with minimal movement across key pairs. EUR/USD traded flat around 1.0830, while GBP/USD held near 1.2850 levels. USD/JPY showed minor fluctuation around 149.50 as markets entered the new week with subdued volatility. The lack of significant economic data releases and summer trading conditions contributed to the range-bound price action. Traders appear to be in wait-and-see mode ahead of this week's economic calendar, which includes several tier-one data releases. The dollar index (DXY) hovered near 104.20, reflecting the overall consolidation phase. Technical analysis suggests major pairs are trading within established ranges, with no clear directional bias emerging yet. Market participants are likely positioning ahead of upcoming central bank communications and economic indicators that could provide clearer trading direction.