The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.05 during the Asian trading hours on Monday. The DXY loses momentum as the prospect of a deal to end the Iran war buoyed risk appetite.
Dow Jones futures inch higher by 0.05% to near 49,800 during the European hours ahead of the United States (US) regular opening on Tuesday. Meanwhile, the S&P 500 gain 0.07% to near 7,430, and the Nasdaq 100 futures remain firm near 29,100.
Deutsche Bank’s Jim Reid reports that the S&P 500 slipped slightly, recovering late in the session after Trump called off planned strikes on Iran.