Dollar Holds Steering Wheel but Grip Weakens

The U.S. dollar continues to hold the steering wheel in the foreign exchange market, but its grip has loosened compared to recent sessions. The author, who captured last week's dollar rally, remains on the sidelines, analyzing various signals without finding a strong enough conviction to enter a new trade.

So far, nothing has stood out with enough conviction to force a major move. The market remains in a wait-and-see mode as participants look for the next catalyst.