USD Index depreciates on dovish tone surrounding Fed's rates trajectory, clings to 104.20

- US Dollar Index extends its losses after mixed US key figures from the United States. - US ISM Services PMI fell to 51.4; ADP Employment Change added 184K in March. - Fed’s Powell stated that interest rate is likely at its peak in the current cycle. The US Dollar Index (DXY), which gauges the value of the US Dollar (USD) against the six major currencies, remains in the negative territory for the third successive day, hovering around 104.20 during …