US Dollar Holds Steady as Fed's Waller Reaffirms Inflation Stance

The US Dollar Index (DXY) held near the 100.90 level at the close of the American session on Monday, reflecting a neutral tone in the currency market. Traders weighed hawkish remarks from Federal Reserve Governor Christopher Waller, who reinforced the Fed's pledge to bring inflation down.

Waller's comments came alongside data pointing to resilience in the US services sector, which provided some support for the dollar. However, the greenback struggled to gain traction as market participants remained cautious ahead of further economic releases and central bank guidance.

No major breakout occurred, leaving the DXY range-bound for the session. The focus now shifts to upcoming Fed speeches and economic indicators that could provide clearer directional cues.