USD mixed as House Rules Committee approves Trump's tax-cut bill

The U.S. dollar index (DXY) traded sideways around 103.50 as the House Rules Committee approved former President Trump's tax-cut bill, setting the stage for a full House floor vote. The bill's progress has had a limited impact on the greenback so far, with investors focusing on current economic data and Federal Reserve policy. USD/JPY held steady near 138.40, while EUR/USD fluctuated around 1.0800. Traders await further developments on the bill and its potential economic implications, while also monitoring upcoming U.S. indicators such as GDP and PCE inflation for guidance on the Fed's rate path. Technical analysis shows immediate DXY support at 103.00, with resistance at 104.00.