• The US Dollar stays afloat and sideways after lackluster Monday trading. 
• The US economic calendar features Business Optimism numbers.   
• The US Dollar Index stays afloat above 104.00 despite rather dovish-tilted comments from both Fed’s Goolsbee and Kashkari.

The US Dollar (USD) remains afloat after a very lackluster start of the trading week. The Greenback did not move that much on Monday and only eased a touch after Federal Reserve Bank of Minneapolis President Neel Kashkari and Chicago Fed President Austan Goolsbee said the job market is holding up fine, although is less on fire as the recent US Jobs Report would let markets believe. This created a bit of retreat overnight in the Greenback with Bullard even taking it further and saying that three rate cuts is the ‘base case’ for the Fed.

On the economic data front, both the National Federation of Independent Business (NFIB) and the TechnoMetrica Institute of Policy and Politics (TIPP) are set to release their last numbers for Business Optimism, making it a leading indicator. Small businesses’ optimism often stands for the best measure to gauge the state of the US economy and might change the current “no landing” stance that starts to trickle into the markets’ outlook on the US economy.