The US Dollar Index (DXY) rebounded from earlier declines to trade near 103.00 on Monday, following a technical rejection. This recovery occurred amidst a broad market sell-off, with equities experiencing significant losses. Initial USD weakness coincided with declines in equities, yields, and precious metals. Market concerns stem from President Trump’s reaffirmed commitment to existing tariffs and warnings from financial figures regarding eroding business confidence. The forthcoming US Consumer Price Index (CPI) data will be closely monitored this week for potential impacts of the current administration’s policies, particularly regarding claims of reduced food and energy prices.
