U.S. Dollar Index Extends Gains, Fed in Focus

The December U.S. Dollar Index is trading at 95.95, up 0.74. The U.S. Dollar Index has extended the session gains. Market talk about U.S. Federal Reserve monetary policy has kept both buyers and sellers active. Market chatter about economic data due out next week is starting to show up. The National Association of Home Builders' Housing Market Index (NAHB) is scheduled for release Monday at 10:00 a.m. ET. The Federal Reserve Federal Open Market Committee ( FOMC) rate decision is due out Wednesday at 2:00 p.m. ET along with the Fed's Summary of Economic Projections. In other Forex Markets; EUR/USD is trading at 1.1155, down 0.0090. GBP/USD is trading at 1.3076, down 0.0168. USD/JPY is trading at 102.36, up 0.36. USD/CAD is trading at 1.3222, up 0.0064. AUD/USD is trading at 0.7487, down 0.0025. USD/CNY is trading at 6.6705, down 0.0002.