Updated

Technical analysts pointed to signs that the U.S. dollar index is nearing a 'death cross' pattern, a bearish signal that comes as Treasury Secretary Scott Bessent has touted his influence over financial markets, declaring "I am the house now." Commentators noted that a weaker dollar would likely be welcomed by the Trump administration given its potential benefits for U.S. exporters and debt dynamics. The development adds to a broader narrative of dollar softness this year, with implications for import prices, foreign capital flows and Federal Reserve policy considerations.