The Dow Jones Industrial Average (DJIA) rose on Monday, testing above 42,800 as ongoing trade talks between the Trump team and Chinese representatives are ongoing in London.
Yesterday's dollar rally didn't last long. It quickly became clear that the Trump administration would pursue other trade laws to enact its tariffs, and later, the US Court of Appeals proposed a delay in the original court ruling that tariffs were illegal.
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD), is pushing upward as market participants respond to fading trade tensions. Markets are drawing fresh optimism from President Trump's decision to delay the implementation of 50% tariffs on EU imports.