Our headline, not Marc Chandler of Bannockburn Global Forex's.
He went with "Quiet Foreign Exchange Market in which the Greenback Struggles to Find Traction":
Overview: The dollar is soft and trading near session lows in late European morning turnover. The news stream is light and large parts of the US federal government remain closed. China's mainland markets are on holiday. Among the G10 currencies, the Canadian dollar remains the laggard in a soft greenback environment. Most emerging market currencies also are firmer against the US dollar. The Argentine peso sold off for the third consecutive session yesterday after rallying every day last week. It settled at its highest level since September 22 yesterday. Gold demand persists and it looks poised to challenge yesterday's record high near $3895.
Equities are mostly stronger today. Though Japanese markets were mixed, nearly all of the other markets outside of China and India, which is also on holiday today, rallied, led by South Korea's Kospi's 2.7% rally. Europe's Stoxx 600 is up about 0.75% after a 1.15% surge yesterday. It is the fifth consecutive gain. US index futures overcame early worries about the government shutdown to close higher yesterday and are trading with a firmer bias now. Most benchmark 10-year rates in Europe are softer, though the 10-year Gilt yield is slightly firmer. The 10-year US Treasury yield is a little below 4.10%, the middle of the recent range. November WTI is hovering near $61.50. It has not been much lower since testing $61 in early September.
USD: The Dollar Index is holding above the (50%) retracement of its gains since the Fed's rate cut on September 17 found near 97.40. It is trading softly but within yesterday's range and still looks vulnerable....
....MUCH MORE