The US Dollar Index (DXY) stabilized near 103.00 during Wednesday’s session, recovering from earlier declines prompted by dovish interpretations of Federal Reserve commentary. The release of the March FOMC meeting minutes, highlighting potential “difficult tradeoffs” between inflation and growth, and a temporary tariff suspension announced by President Trump, initially bolstered market sentiment. However, the DXY’s technical outlook remains bearish, with price action constrained below key moving averages. Resistance is observed near 103.20, while immediate support resides around 101.80.
