DXY USD stays weak in a quiet session as markets await Fed surveys and speeches. No policy changes expected due to the blackout. Short-term support possible, but overall downtrend continues.
DOLLARINDEX The dollar index remained below 98 today, extending its two-day decline as investors watched trade negotiations ahead of the August 1 deadline. Treasury Secretary Scott Bessent said deal quality is the priority, suggesting Trump could grant extensions to countries showing real progress. Markets are also focused on Fed Chair Powell’s speech for signals on interest rates. Despite Trump’s push for a cut, traders are not expecting action this month. #DollarIndex #Fed #Powell #Trump #TradeTalks #InterestRates #Markets
DXY weakens as political pressure mounts on Fed Chair Powell and trade tensions rise ahead of the August 1 tariff deadline. DXY retests key support at 97.30–97.00. Despite strong data, uncertainty over Fed policy and independence weighs on sentiment.