The US Dollar has been able to hold onto its gains since Friday's November US NFP report was released, but nothing else has materialized in a meaningful way since then. The news flow around the reconcilliation of the US House and Senate tax bills has been surprisingly quiet (which probably means it will make waves again some point soon), and with the December FOMC meeting due up tomorrow, there is little incentive for traders to stake out new, large positions at present time. Fed funds have been pricing in a 100% chance of a 25-bps rate hike in December since October 26. Given that inflation readings of recent have ... (full story)