Reported 3 days ago
The dollar index rose by 0.09%, recovering from a 1.5-week low as fears over US regional banks' credit quality diminished. Positive developments in US-China trade relations, following comments from President Trump on tariffs, also supported the dollar. However, dovish statements from St. Louis Fed President Alberto Musalem about potential interest rate cuts and the ongoing US government shutdown limited gains. Meanwhile, the euro and yen faced downward pressure amid these developments.
Source: YAHOO