Many Fed policymakers are due to speak, including four voting members, but I'll be most interested in what Janet Yellen has to say on Thursday at the Federal Reserve System Community Development Research Conference in Washington and what Minneapolis Fed president Neel Kashkari has to say as the only dissenter from the decision to raise rates. The tech-heavy U.S. Nasdaq Composite index briefly bucked the trend and hit a record intraday peak of 5,915.120 before edging lower.
The most active gold contract for April delivery rose 3.8 US dollars, or 0.31 percent, to settle at 1,234.00 dollars per ounce.
Although Trump promised in early February to deliver a "phenomenal" tax plan within a few weeks, no such details have been released yet, with many investors now waiting for detailed budget plan expected in mid-May.
"U.S. stocks valuations are getting really expensive, so I expect the market to be capped for now".
A sharp fall in oil prices over the past two weeks has also weighed on USA inflation expectations. Treasury notes to a two-week low of 2.472 percent.
United Kingdom prime minister doesn't back second Scottish independence vote
Mrs May has accused the SNP of forcing a "fundamentally unfair" independence referendum that would damage Brexit negotiations. Instead, the First Minister has a plan which rests on winning public support for her position.
The greenback has been on the retreat since the Fed on Wednesday raised interest rates but stopped short of predicting a sharper pace of monetary policy tightening over the next two years. "The market is again betting on an increase in the number of interest rate rises this year".
Lower yields undermined the greenback's allure, softening the dollar to three-week lows near 112.26 yen in early Asian trade. This comment did little to effect the euro and the French election is still on the investors' radar.
"At the moment, worries about the election have subsided a bit after the Dutch elections". However, given the slow progress in implementing tax cuts and infrastructure spending plans, markets will soon realize that they are ahead of themselves and I'm still quite confident that US protectionist policies will do more harm than good.
"The Fed can lift rates and it is far from being bad news for equities", Tobias Levkovich, managing director and head of United States equity strategy at Citigroup Global Markets, wrote in a note to clients Friday, Bloomberg reported. It has risen 2.0 percent since the Fed's policy meeting last week. As of early Tuesday morning, the Singdollar had strengthened by another 0.01 per cent against the USA dollar to reach S$1.3963 at 8.40am.
The South African rand has gained 4.0 percent since then to a near 1-1/2-year high while the Brazilian real rose 3.2 percent. Oil prices fell as investors continue to grapple with worries about growing USA oil output and high inventories.