G7 meeting unlikely to yield trade deal announcements, US Treasury says

The US dollar index held steady near 103.50 as US Treasury officials tempered expectations for significant trade announcements during the upcoming G7 meeting. While global trade relations remain a key focus for policymakers, the lack of anticipated breakthroughs suggests ongoing uncertainty in the near term. Traders will closely monitor official statements from the gathering for any indications of progress or setbacks. Technical analysis shows the dollar index facing resistance at the 104.00 level, with support around 102.80. A break below this support could see the greenback test the 102.00 handle. However, broader sentiment remains neutral, with the dollar's trajectory largely dependent on evolving economic data and central bank signaling in the coming weeks.