The DXY held below the 99 mark on Tuesday, maintaining the pullback from the two-month high of 100.1 on Friday amid fresh evidence of a softening US economy and the risk of lower global trade flows. Data compiled by the ISM showed that services activity nearly stalled in July, contrasting sharply with expectations of a faster increase, while the employment gauges for both the services and manufacturing sectors declined. This magnified concerns of a weakening economic backdrop as over 250,000 nonfarm payrolls were removed from aggregates in the last two months due to large revisions to the data. Markets increased rate futures that bet on a rate cut by the Federal Reserve next meeting and two 25bp cuts this year. In the meantime, Indian PM Modi signaled the country will continue purchase Russian energy and the Brazilian government arrested former President Bolsonaro, both conditions that US President Trump stated would trigger additional tariffs this week.