USD falls as debt ceiling progress stalls; Trump-Republican meeting eyed
The US dollar index (DXY) is down 0.2% as doubts emerge over the pace of debt ceiling negotiations. House Speaker Johnson and Freedom Caucus Chair Harris are set to meet President Trump at 3pm ET, but earlier comments suggest a resolution is unlikely this week. Harris noted encouraging 24-hour progress but estimated 10 more days are needed. The GOP also sees substantial work remaining. If Trump pressures House Republicans for faster action, it could boost the dollar. However, protracted uncertainty may keep USD bears in control near term. DXY faces support at 103.20 with resistance at 104.00.
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