*corrects commodity prices* DXY staged a.....>

DOLLAR: *corrects commodity prices* DXY staged a round trip from its intraday

low of 99.45 Tuesday. The index took a nosedive in the European morning amid

improving risk appetite and month-end flows. London afternoon brought some

reprieve and USD pared most of its earlier losses into the close.

- The index has traded on a softer footing in early Asia-Pac hours today, with

the greenback underperforming all of its G10 peers but NOK as we type. DXY sits

-3 pips at 99.83. After a failure to test the 50-DMA at 99.33 yesterday, bears

look for a drop below there, which would open up Apr 15 low of 98.82.

Conversely, bulls target Apr 24 high of 100.87, key near-term resistance.

- WTI sits $1.05/barrel higher & gold trades $1.25/oz lower at typing.

- U.S. Covid-19 case count topped 1 million on Tuesday and the disease has

already claimed more American lives than the Vietnam War. Elsewhere, BBG

reported that U.S. Pres Trump plans to order meat producers to stay open despite

the coronavirus outbreak to avoid disruptions in food supply.

- The Fed will deliver its monetary policy decision today, while advance Q1 GDP

data and Mar pending home sales headline U.S. data docket.