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Currency Buzz: Dollar index spikes on affirmative trade talks, scales up to one-month high
12-May-2025 16:43
The US dollar index saw excellent gains as break above 100-mark extended on signs of US-China trade deal. It currently quotes at 101.70, up 1.50% on the day and hitting one-month high. The US and China struck a deal to suspend tariffs for 90 days and slash rates going forward, following negotiations in Switzerland over the weekend. U.S. trade representative Jamieson Greer announced a 90-day pause on tariffs. Meanwhile, the US 10-year treasury yields continued to edge up and currently quote at 4.45% right now as markets eyed upcoming inflation readings.

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