The U.S. Dollar Index (DXY) is trading near 103.00 during Wednesday’s session, exhibiting a modest rebound following a temporary decline triggered by dovish Federal Reserve commentary. The release of the Federal Open Market Committee (FOMC) minutes and a temporary tariff suspension announced by former President Trump provided short-term market support, while simultaneously highlighting persistent inflation concerns. Technical analysis indicates that price action remains below key moving averages, with resistance forming near 103.20 and immediate support established around 101.80. The index’s recovery may encounter resistance due to prevailing bearish technical indicators.
