• The US Dollar retreats mildly on Tuesday for a second day in a row.
• Traders are looking forward to the Durable Goods release on Tuesday. 
• The US Dollar Index steadies above 104.00 as some downward pressure builds up. 

The US Dollar (USD) weakens for a second consecutive day on Tuesday ahead of the first big batch of economic data releases this week, with Durable Goods orders as the main event. Markets will welcome clear data after US Federal Reserve members have contradicted each other, with calls for three and only one interest-rate cut. This dispersion could make the Fed less credible at a moment when markets seem to be challenging the broader stance of the US central bank, a scenario that could lead to erratic moves for the USD. 

Durable Goods orders will take away the bulk part of attention from traders. Still, Consumer Confidence and the Richmond Fed Manufacturing Survey deserve as well a fair bit of attention. Traders will want to see confirmation if the Fed is right or wrong about interest-rate cuts and the health of the US economy and trade that adjustment.