The US Dollar opened last Monday morning with its index against a basket of currencies around 94.65. It spent the first four days of the week trapped in a very narrow range from 94.20 to 94.90 as investors digested a solid set of ISM manufacturing numbers and the latest FOMC Statement. They key phrase is that, “Hurricane-related disruptions and rebuilding will continue to affect economic activity, employment, and inflation in the near term, but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term. Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further”. President Trump announced John Taylor as the new Fed Chair to replace Janet Yellen in Q1 2018 and though the employment report was a touch softer than forecast, ISM services on Friday pushed the USD index up to close around 94.70. With President Trump now in Asia for 10 days, his Twitter feed and US tax reform proposals will most likely determine its fate over the week ahead.