What to look for around USD

The index remains well under pressure and slips back to multi-week lows in the sub-102.00 region, as investors continue to digest the latest Fed’s gathering.

In the meantime, diminishing banking jitters continues to lend support to the risk complex and keeps the price action around the buck well depressed for the time being.

So far, speculation on a potential Fed’s pivot in the short-term horizon should weigh on the dollar, although the still elevated inflation, the resilience of the US economy and the hawkish narrative from Fed speakers is seen playing against that view.