• The US Dollar in an attempt to snap a three-day losing streak. 
• The Greenback experiences a technical bounce after testing key support levels.
• The US Dollar index trades near 101.50, with a long road to recovery ahead. 

The US Dollar (USD) is catching up again, trading in slightly positive territory on Wednesday, after three consecutive sessions of sharp drops. The bounce appears to be a pure technical one after the US Dollar Index (DXY) hit 101.30 in early Asian trading, the low for 2024. 

On the economic data front, the Federal Open Market Committee (FOMC) Meeting Minutes for July will be published, although these are not expected to move the needle ahead of Jackson Hole on Friday. Besides the FOMC Minutes, the Nonfarm Payrolls Benchmark revision could become interesting. Markets were rattled by the latest US Nonfarm Payrolls number on the first Friday of August, a data point that triggered the unwinding of the carry trade which had spillover effects in equities and caused recession concerns for the US economy. Although the revisions are not going to cover August, any big change on earlier numbers might still bear some importance.