The US Dollar Index (DXY) is currently trading at a robust 104.428, marking the highest level since mid-February. Notably, the ongoing data continues to set expectations for the commencement of the Federal Reserve (Fed) easing cycle, which most agree will kick off in June. The Fed rejected higher inflation results, and Chairman Jerome Powell reassured markets that the bank won't react hastily to two consecutive months of increased inflation figures. In addition, the interest rate projections from 2024 didn’t change. The US economy is holding resilient with a strong labor market and inflation remaining sticky. Next ... (full story)