US Dollar Forecast: DXY Vulnerable to Further Losses if ISM Data Misses Expectations

The U.S. Dollar Index (DXY) softened Monday as traders positioned ahead of a pivotal Federal Reserve decision, while Asia-Pacific currencies climbed on speculation of regional currency revaluations. Market attention remains tightly focused on the Fed’s policy tone, incoming U.S. data, and evolving political pressure from the White House.

At 12:30 GMT, the U.S. Dollar Index (DXY) is trading 99.504, down 0.532 or -0.53%.