This is a sign of a weakening economy which has dampened expectations for a round of Fed rate hikes. If the report is a 'soft' reading, it will indicate the Fed will choose to remain passive and hold rates. The BoE expects inflation to remain high in the UK as energy inflation continues to filter through the economy. U.S. Dollar Index Technical Analysis: DXY Holds $99.42 Support but Trend Remains FragileDollar Index Price Chart – Source: TradingviewCurrently, the U.S. Dollar Index is showing a quotation of $99.63. The most recent price action has shown smaller bodies of the candlesticks with respect to support, showing the momentum for selling is diminishing, but with no signs of a reversal.