• The US Dollar trades broadly unchanged ahead of a big slew of economic data and public comments from Federal Reserve officials.
• European sovereign bond spreads ease, with French markets partially recovering from last week’s losses. 
• The US Dollar index trades below 105.50, facing significant support and resistance levels nearby. 

The US Dollar (USD) trades broadly steady on Tuesday, a big day in terms of US economic data and comments from Federal Reserve (Fed) policymakers ahead of the US  Juneteenth public holiday on Wednesday. Before enjoying a day off in the middle of the week, traders are starting to pull back their earlier bets favoring the Greenback against the Euro following the European bond market rout last week. With sovereign bond spreads in the Eurozone easing, it looks like markets are digesting political jitters in Europe, with the focus turning back to US data and interest-rate projections. 

On the US economic data front, Tuesday’s calendar offers a chunky batch of data, the most important one being  Retail Sales, a key indicator for consumer spending. Credit card sales data suggest that Retail Sales could come in higher than expected for May. Apart from this, it is also a busy day for the Fed watchers as six US Federal Reserve speakers will make public comments throughout the day.