The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is holding near the 104.30 zone during Wednesday's session. A better than expected print in February's Durable Goods Orders, coupled with hawkish rhetoric from Fed officials, is helping the Greenback edge higher. However, momentum indicators remain conflicted, hinting at a still fragile upside.

Daily digest market movers: US Dollar steadies as data, Fed comments offset risk sentiment shift
The Greenback benefits from stronger than forecast US Durable Goods Orders for February, which also saw prior data revised upward.
US President Donald Trump announced copper tariffs will arrive sooner than markets projected, aiding USD traction.
A potential ceasefire in the Black Sea between Ukraine and Russia created early downside for the DXY, but peace talks face major hurdles.
Russia's demands to lift all sanctions on agriculture and banking in exchange for ceasefire compliance cloud optimism.
Fed's Neel Kashkari reiterated that inflation progress remains incomplete, reinforcing expectations for prolonged restrictive policy.
Traders remain sensitive to PCE data this week amid rising uncertainty about the rate path.
Market participants cautiously assess tariff headlines and geopolitical signals, balancing risk appetite against Fed tightening signals.

Source: Fxstret