The U.S. Dollar Index (DXY), a benchmark tracking the dollar against six major currencies, is attempting a cautious rebound from recent lows but has struggled to sustain gains above the psychologically important 100.00 level, Scotiabank analysts said. The recovery has been supported by short-covering and slight stabilization in Treasury yields, although the absence of follow-through buying points to continued investor caution. Traders are watching upcoming U.S. economic data, Federal Reserve communications, global risk sentiment and divergent monetary-policy paths for direction. A sustained break above 100.00 could indicate stronger dollar momentum, while repeated failures may reinforce a bearish outlook. The market remains in a wait-and-see phase, making the level an important technical marker for positioning, risk management and potential breakout or reversal signals.