The DXY Index is neutral at 104.12 and manages to clear daily losses. All eyes are set on Wednesday's US CPI figures for March. The outcome of the inflation figures will set the tone of the market’s bets on the Fed. The US Dollar Index is currently trading at 104.12, remaining rather neutral. Markets stand largely quiet as the week's highlight is the release of March’s US Consumer Price Index figures on Wednesday.
On the other hand, the DXY is experiencing some bullish resilience, as evidenced by its stance above the 20, 100, and 200-day Simple Moving Averages . The current positioning of DXY suggests that the buying force is still dominating with a defensive line held by the bulls, keeping the DXY above these significant SMAs.
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