Reuter Bank: The US dollar is boosted by positive trade news, but the upward trend may not be sustainable.

The US dollar has rebounded slightly this week, with Credit Suisse Bank analyst Ipek Ozkardeskaya stating in a report that this is due to signs that US President Trump is withdrawing some tariffs, but the dollar still faces the risk of falling again. She stated that compared to the UK and the Eurozone, the US economy is in worse shape, with growth worsening rapidly and inflation expectations heating up. Trump announced a plan on Tuesday aimed at reducing the impact of car tariffs. Commerce Secretary Lutnick revealed that the US has reached its first trade agreement with a country, but did not disclose which country it was. US Treasury Secretary Bernstein stated that progress is being made in trade agreements with India, South Korea, and Japan. The DXY US dollar index rose 0.1% to 99.3020.