The DXY remains slightly higher for the week but shows weakness amid Treasury buyback operations supporting major currencies.
The dollar index (DXY) traded at $98.97, up 0.17% for the session, reflecting modest gains but subdued momentum. Year-to-date, the greenback has advanced 1.15%, though recent Treasury buyback programs have curbed its strength against peers.
Last week’s moves were driven by shifting expectations around U.S. monetary policy and liquidity conditions. The index had previously climbed on stronger economic data but faced resistance as buybacks improved market liquidity, reducing demand for the dollar.
Major currencies, including the euro and yen, gained ground as the dollar’s upward pressure eased. The index’s performance remains closely tied to Treasury market dynamics and Fed policy signals.