The US Dollar is steady so far today as the market ponders the Federal Reserve rate outlook and weighs tightening central banks against a potentially expanding Chinese economy. Will DXY go lower?

Traders are eyeing the Fed, BoE and ECB rate decisions for the US Dollar, British Pound and Euro, respectively. Will central banks disappoint, bringing back market volatility?

Though it may not seem the case, the Dollar and S&P 500 have been in the same position through the end of this week: indecisive with a clear lack of core speculative conviction. The DXY’s extreme range and SPX choppy climb will face serious volatility with a heavy docket this week, but can they find a clear trend?

The Australian Dollar may rise if Asia-Pacific markets follow the rosy lead set on Wall Street as US GDP data sent the Dow Jones, S&P 500 and Nasdaq 100 higher.