• FOMC Meeting Minutes are the next shoe to drop later on Tuesday.
• USD fluctuates after positive Consumer Confidence figures from the Conference Board before volatility subsides.
• President-elect Trump threatens tariffs on Mexico, Canada and China, boosting the Greenback.

In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data. In the meantime, markets digest President-elect Donald Trump’s threat to impose tariffs on three of its largest trading partners and await clues in the Federal Open Market Committee (FOMC) Meeting Minutes to be released later in the session.

The US Dollar Index has exhibited a bullish bias, driven by strong economic data and a less dovish Federal Reserve (Fed) stance. Despite recent pullbacks due to profit-taking and geopolitical uncertainty, the uptrend remains intact. Technical indicators suggest potential consolidation with overbought conditions easing.