DXY - Will the dollar continue to fall?U.S. Dollar Currency IndexTVC:DXYAli_PSNDThe dollar index (DXY) is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its descending channel. If this channel is maintained and there is no valid upward breakout, we can see the downward trend continue to the target of the downward channel bottom. In the two demand areas that are also at the intersection of the channel bottom, we will look for re-buying the dollar with a reward at an appropriate risk in dollar currency pairs or the occurrence of downward fluctuations in global gold ounces. The minutes of the Federal Reserve's June meeting revealed that although policymakers ultimately voted to keep interest rates unchanged within the 3.5% to 3.75% range, several officials favored raising rates further. As concerns over the labor market have eased somewhat, policymakers have shifted their primary focus toward upside inflation risks, driven by factors such as higher energy prices resulting from the Iran conflict, growing demand related to artificial intelligence, and the impact of tariffs. Market participants are now closely watching the July 14 inflation report as well as Kevin Warsh's first congressional testimony. Committee members also broadly agreed that the updated policy statement should reaffirm the Federal Reserve's strong commitment to its dual mandate of achieving maximum employment and maintaining price stability. In particular, they emphasized that the Federal Open Market Committee (FOMC) remains fully committed to restoring price stability. Furthermore, a majority of participants viewed the decision to shorten and simplify the FOMC policy statement as beneficial, with the statement being reduced to roughly 130 words during this meeting. Several officials also welcomed the launch of a broader review of the Federal Reserve's communication tools and strategy—an initiative previously advocated by Kevin Warsh to provide greater policy flexibility and reduce the market's reliance on forward guidance.