American dollar index leisurely grinding higher before the speech of President Trump

The American dollar regains on Wednesday, traders are considering the upcoming speech of President Trum.
See markets see the rates of lowering the rate according to the Fed growth, and the TUMP tariffs are set at the beginning of March.
The American dollar index (DXY) is located near the low annual one, looking for a reflection.

The American dollar index (DXY), which follows the results of the American dollar (USD) compared to the six main currencies, circulates around 106.50 at the time of writing on Wednesday after they did not make a positive impression in February. The DXY index occupies almost a year’s minima, when traders avoid a green fairy tale in flight to secure paradise from the Tariffs of the President of the United States (USA) Donald Trump, which are to start on March 4 in Mexico, Canada and China.

Meanwhile, traders see the second element of the weaker Greenback. For the first time this year, the Federal Reserve Reduts Zakłady (FED) are valued at two rates of rates for 2025. This traffic appears because the difference in interest rates between US profitability and other countries was narrowed, causing a total of a weaker American dollar. It comes only a few days before the preferred Fed inflation indicator, personal data on consumption (PCE) expenditure, which will be issued on Friday.

Daily Digest Market Movers: More speeches before

At 14:00 GMT US President Donald Trump will talk to the media.
At 15:00 GMT is expected that the recent sales of houses will leisurely down to 0.68 million pieces per January compared to 0.698 million pieces a month earlier.
At 17:00 GMT, president of the Federal Reserve Bank in Atlanta, Raphael Bostic takes part in a moderated discussion at the Urban Land Institute in Atlanta.
At 18:00 GMT Bank Federal Reserve in Richmond, Thomas Barkin gives the speech “Inflation then and now”, in the North Chamber of Commerce in Virginia in Arlington.
The actions reject the negative tone from Tuesday and are on Wednesday on Wednesday.
The CME Fedwatch tool shows an augment in opportunities for a reduction in interest rate by the Federal Reserve (FED) in June, supported by a decrease in the USA on Wednesday. The tool currently displays 66.2% chances for lower interest rates than current levels compared to 33.8% without a reduction of the rate
10-year income in the US trads around 4.30%, further than last week by 4.574%.

American dollar index Technical Analysis: yields to predict the results

Lower us RENTS DRIVE THEUS DOLLAR INDEX (DXY) to Earth. Diving in the US gained speed only after the Secretary of the US Treasury Scott Bessent said on Tuesday that American rates would fall, even without the Fed. Expect DXY diving lower to the long -awaited barrier 106.00.

On the other hand, the DXY index tries to regain 106.52 (April 16, 2024, high) on Wednesday after breaking and closing below the previous day. In addition, a 100-day straight moving average (SMA) can limit bulls buying a green place near 106.71. From there, the next leg may augment to 107.35, key support from December 2024 and January 2025. In the event that the US is recovering again and higher, even 107.96 (55-day SMA).

On the other hand, if DXY cannot recover 106.52, you may need another lower leg to encourage these dollar bulls to enter again near 105.89 or even 105.33.

American dollar index: daily chart