Yesterday, we suggested that the G7 finance ministers’ meeting in Canada could produce USD-supportive headlines, particularly if there were signs of easing trade tensions.
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading lower at around 100.90 during Thursday's Asian session. The Greenback remains under pressure as investors assess ongoing trade-related uncertainties, despite a recent easing in tensions.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is quickly reversing course this Friday ahead of the United States (US) trade talks with China in Switzerland over the weekend.