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US Dollar Index Rises 0.34% to 98.915

US Dollar Index Rises 0.34% to 98.915

The US Dollar Index drops sharply following President Trump's tariff threat on China, while the euro, pound, and yen strengthen, and European stocks decline.

Summary

The US Dollar Index (DXY) fell over 15 points to 99.09, driven by a rise in non-US currencies. The euro gained nearly 20 points to 1.1600, the pound rose 40 points to 1.3335, and the yen strengthened as USD/JPY dropped to 152.06. European stocks, including Germany’s DAX, France’s CAC40, and Italy’s FTSE MIB, declined by over 1%.

Terms & Concepts
  • US Dollar Index (DXY): A measure of the value of the U.S. dollar relative to a basket of major foreign currencies, including the euro, yen, pound, Canadian dollar, Swiss franc, and Swedish krona.
  • Exchange Rate: The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.