USD Outlook – Mixed Drivers Keeping DXY in Check The dollar faces conflicting forces today. Soft US data and renewed tariff concerns have pressured DXY, while a strong core PCE and geopolitical risks offer support. Markets remain cautious, closing dollar longs, but upside risks persist. Watch consumer confidence data tomorrow for direction. 🔹 Key Drivers: ✅ US tariffs on Canada/Mexico—decision pending ✅ Ukraine peace talks—potential USD correction ✅ Core PCE (0.3% MoM) lending dollar support ✅ German elections easing euro concerns Bias: Flat near-term, upside risks beyond. Stay nimble. #usd #dxy #forex