US Dollar Index recovers to 100 as Iran rejects ceasefire, inflation-heavy week looms

The US Dollar Index (DXY) struggled to crimp downside momentum near the 100.00 handle on Monday after a volatile day that saw the index slide from overnight highs near 100.30 down to a session low near 99.75 before staging a late recovery. The US Dollar Index clawed back early session losses to settle just above 100, recovering from… The US Dollar Index (DXY) struggled to crimp downside momentum near the 100.00 handle on Monday after a volatile day that saw the index slide from overnight highs near 100.30 down to a session low near 99.75 before staging a late recovery. The US Dollar Index clawed back early session losses to settle just above 100, recovering from a dip below the round number.Iran rejected a 45-day ceasefire proposal from regional mediators, calling it "illogical" and demanding a permanent end to the war.Institute for Supply Management Services data missed expectations while the Prices Paid subindex surged, reinforcing the stagflation narrative.A packed inflation calendar later this week features Personal Consumption Expenditures data on… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.