USD gains on Greer trade comments, US stocks rally from Friday lows

US stock indices posted a strong rebound yesterday, with the initial 50% rally potentially triggered by CNBC's announcement that US Trade Representative Greer would appear on television. The dollar strengthened across major pairs as risk sentiment improved, with traders anticipating positive trade developments from Greer's comments. Technical factors also contributed to the move, as equity prices bounced off Friday's cash market lows, attracting dip buyers into oversold conditions. The correlation between US equity strength and dollar performance remained intact, with USD/JPY climbing above 149.50 and EUR/USD retreating from recent highs near 1.0950. Market participants are closely monitoring any trade policy signals from Greer that could impact global commerce and currency flows. Key resistance for the DXY (Dollar Index) sits at 106.20, while support has formed at 105.50. Traders should watch for follow-through buying in US equities to sustain dollar momentum in the near term.