The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.
Federal Reserve Governor Adriana Kugler said that if tariffs prove to be long-lasting, she would focus on how global supply chains are rearranged in response, while she acknowledged that the recent reduction in US-China tariffs was clearly an improvement in bilateral trade relations, though tariff l
The Japanese Yen (JPY) touches a one-month low against a broadly stronger US Dollar (USD) during the Asian session on Monday in reaction to the US-China trade deal optimism.