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fxJul 8, 2026, 7:45 AM

DXY Stays Range-Bound Near 101.00 as War Talks Continue

The US Dollar Index (DXY) retreated from 101.20 resistance during Wednesday's European session, pulling back to just below 101.00 as hopes for a negotiated end to the war support a range-bound trade.

DXY

The US Dollar Index (DXY) is trading in a tight range near the 101.00 level during Wednesday's European session, after being rejected at the 101.20 area earlier in the day. The index has turned negative on a daily basis, reflecting caution among traders.

Ongoing hopes for a negotiated resolution to the war continue to cap dollar demand, keeping the index from breaking decisively higher or lower. The range-bound price action suggests traders are awaiting fresh catalysts before committing to directional bets.

Source: FXStreet Forex News