The US Dollar Index (DXY), which tracks the performance of the US Dollar against six different major currencies, edges higher in early Tuesday, trading slightly below 108.00 at the time of writing.
US Dollar (USD) saw a sharp drop after Trump announced no immediate tariffs on China. USD/CNH saw a sharp move below 7.26 overnight before rebounding. DXY was last at 108.50 levels, OCBC FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, further consolidates around the 109.00 level on Friday, though positioning is being torn into two camps.