A clean move back through that area would suggest the post-Warsh repricing is beginning to feed back into FX and would strengthen the case for another leg higher in the dollar. If ISM, labour data and services activity broadly hold up, the front-end rates story should remain supportive and DXY could make another attempt at reclaiming 100.00. Until the front end begins following the dollar lower, the move below 100 looks more like a test of support for the hawkish narrative than a definitive reversal of it.