The US Dollar began the week with gains as depicted by the US Dollar Index (DXY) after US President Donald Trump eased tensions with China, following last Friday’s threats to adding further duties on Chinese goods.
US President Donald Trump shared some conciliatory remarks in his post on Truth Social on Sunday, noting that China’s economy “will be fine” and that the US wants to “help China, not hurt it.”
The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down around 300 points at the time of writing.