DXY bounces from fresh lows as ceasefire cracks widen on all sides

The US Dollar Index (DXY) continued to grind lower during the front half of the US trading session on Wednesday, falling roughly 1% from the prior session's close near 100.00 to tag a low around 98.50 as the US-Iran ceasefire announcement triggered a broad wave of risk-on selling in the US Dollar. Iranian Parliamentary Speaker Ghalibaf accused the… The US Dollar Index (DXY) continued to grind lower during the front half of the US trading session on Wednesday, falling roughly 1% from the prior session's close near 100.00 to tag a low around 98.50 as the US-Iran ceasefire announcement triggered a broad wave of risk-on selling in the US Dollar. Iranian Parliamentary Speaker Ghalibaf accused the US and Israel of ceasefire violations just hours after the truce was announced.The FOMC's March Minutes showed many policymakers flagged the risk that rate hikes could be needed if inflation stays elevated.Thursday's core PCE and Friday's March CPI round out a data-heavy back half of the week.The US Dollar Index (DXY) continued to grind lower during the front half of the US trading session… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.