DXY Edges Higher Despite Hot CPI Data, Outlook Remains Bearish
![USD Index image](https://signalsbonanza.com/wp-content/uploads/2024/01/USD-Index.jpg)
The US Dollar Index (DXY) trades slightly higher at 103.05 despite hotter-than-expected US Consumer Price Index (CPI) figures. Markets still anticipate Fed rate cuts starting in June, limiting the USD’s rebound potential. Technical Outlook: Key Factors: