US Dollar Index Holds Firm Above 97.00 Amid Improved US-China Relations
The US Dollar Index Gains Momentum Amid Signs of Reduced US-China Tensions.
Yields on the US 2-year and 10-year Treasury notes stay muted, currently hovering around 3.75% and 4.24%, respectively.
The Federal Reserve continues its communication blackout ahead of the May 7 FOMC meeting.
DXY Extends Winning Streak into Second Day
The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six major currencies, is on the rise for the second straight session. During early Asian trading hours on Monday, the index hovers close to 99.60. The USD continues to gain ground, supported by renewed optimism surrounding US-China trade relations.
By: Davelee
28-Apr-2025 09:21 pm
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