DXY Rebounds to 101.50 on Fed Rate Cut Expectations

The US Dollar Index (DXY) is paring its recent declines and trading near 101.50 during the Asian session. The move comes as market participants increase expectations that the Federal Reserve will cut interest rates, weighing on the US dollar's yield advantage.

The index, which tracks the greenback against six major currencies, had fallen in the previous session but is now recovering. The advance reflects a shift in sentiment amid ongoing speculation about the Fed's next policy move.