US Dollar Index Holds Losses After Pulling Back from 11-Week Highs

The US Dollar Index (DXY) extended its pullback after failing to hold near the 100.57 level reached the previous day, marking an 11-week high. During Asian trading hours, the index slipped to around 100.30, reflecting a loss of upward momentum.

The move lower follows a period of sustained strength for the greenback, though the current trading suggests a consolidation phase. No specific catalyst was cited in the source, but the retreat could be attributed to profit-taking or technical resistance after the recent rally.

Traders will watch for further direction as the index remains above the 100.00 psychological level, with near-term support likely to be tested if selling pressure continues.