Here are the most important forecasts for the US dollar during the day

Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index is trending lower on the 4-hour chart. Prices have formed an FVG around 97.40, where the index is currently hovering. A downside reaction from this area is expected today, with the broader bearish bias likely to continue.
Key Economic News
Today, the dollar awaits Producer Price Index data and Initial Jobless Claims; these releases can move markets. A speech by President Trump later in the day could also add notable volatility.
Liquidity Levels
If bearish price action develops from the current zone, downside targets are 96.95, then 96.65.
Invalidation
The bearish scenario is invalidated if prices reach 97.90.

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