US Dollar Index: DXY fades recovery from 15-month low near 100.00 on Fed concerns, upbeat sentiment

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• US Dollar Index retreats from intraday high, reverses corrective bounce off the lowest level since April 2022.
• Upbeat details of US Retail Sales growth put a floor under DXY at multi-month low.
• Chatters about Fed’s July rate hike be the last, risk-on mood exert downside pressure on greenback.

US Dollar Index (DXY) struggles to defend the previous day’s corrective bounce off a multi-month low, retreating from an intraday high to 99.93 amid the early hours of Wednesday’s Asian session.