The US dollar remains soft as the markets are waiting for the stimuli

• DXY is still stuck in about 106.00, looking for a direction on the day of the presidents.
• Federal Reserve Funds price futures at 50 points of price discounts for 2025 after weakening retail sales data.
• Traders are looking for a Friday’s PMI reader for potential spacing signals.
• American tariff fears continue with car fees expected to start on April 2.

The US dollar index (DXY), which tracks the performance of the US dollar for six major currencies, is trading flat on Monday while merchants monitor new geopolitical developments. With the ongoing talks in its leadership on the peace agreement, Ukraine, Russia, the markets evaluate potential results and their impact on risk morale. At the time of writing this report, DXY is still stuck above the 106.00 range with investors waiting for the key Economic data Later this week.

Daily Digest Market Movers: The US dollar is still linked to the market mixed signals

• The US dollar hovers near the lowest level last week with no clear directional momentum.
• FED Funds is now the price at 50 points of price discounts for 2025 after weak retail sales data in January in January.
• Although retail sales are missed, consumer spending is still backed by real wage growth, strong labor market, and strong living families budgets.
• Traders may not see much relief in US dollars until Friday when the data of purchasing managers in February can highlight the difference between economies.
• The President of Philadelphia, President Patrick Harker, Federal Reserve Governor Michelle Bowman, and the Federal Reserve Governor Christopher Waller will speak on Monday.
• Last Friday, Federal Reserve Chairman Lori Logan warned that low inflation does not automatically guarantee price cuts.
• The markets continue to ignore the concerns of customs tariffs, although US President Donald Trump confirms cars on April 2.
• The mutual definitions in the country are scheduled to enter separately at the same time, although the implementation may be gradual.

Technical expectations: The main support in focusing as a construction of dumping pressure

the US dollar The index is struggled to keep the momentum after a 20 -day moving average loss (SMA), which enhances the hybrid view. The RSI is in negative lands, confirming the weak momentum, while the difference of moving average convergence (MACD) indicates that there is a fixed declining trend.

Immediate support in SMA appears for 100 days near 106.30 with a lower rest than this level is likely to confirm a short -term negative look. The resistance remains in 106.80, followed by SMA for 20 days at 107.20.