USD Steadies as Trump Touts Strong Negotiating Position; S&P Futures Dip

The US dollar held relatively steady during Monday's session as President Trump reaffirmed the administration's strong negotiating stance, stating the US will 'end up with a great deal.' S&P 500 futures, initially up 15 points, drifted approximately 10 points lower during the interview, reflecting cautious market sentiment. Trump's reference to targeting Dow 50,000 underscores his continued use of equity markets as a performance benchmark, which indirectly influences dollar sentiment through risk appetite channels. The comments lacked specific policy details, leaving traders without fresh catalysts for directional USD moves. The dollar index remains range-bound as markets await concrete developments on trade negotiations. Near-term, USD pairs are likely to consolidate within recent ranges, with traders monitoring upcoming trade-related headlines for clarity. Risk sentiment remains the primary driver, and any escalation or de-escalation in negotiations could trigger sharp moves across major pairs. Traders should watch for follow-through in equity futures as a leading indicator for broader FX positioning.