Dollar index (USDX) stalls above 100 again

A two part update here yesterday looked in detail at the Dollar index (USDX). Since that update the dollar has advanced and then fallen back. The index reached a new high on the week earlier today, at 100.10. It has subsequently fallen back to 99.68 a short while ago. The continued attempts to make a sustained move above that 100 handle seem to keep stalling and today is another example of that. That said, if you look at the daily bar chart you will see a series of higher lows since April 21. That will be snapped, if the index falls below 99.46 from here. The prospect of the Fed holding rates tomorrow evening is not really helping the index much though and the longer term love affair with the US currency is as much under threat as at any time since 2022. The index is right now trading around 99.72