DXY Stays Range-Bound Near 101.00 as War Talks Continue

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.