The dollar rose to a two-week high, driven by optimism in U.S. trade.

date
01/05/2025
Due to the optimistic sentiment of easing global trade tensions, the recent decline in the US dollar has temporarily stopped, rising to a two-week high. Earlier this week, the Trump administration took action to mitigate the impact of car tariffs. Jefferies economist Mohit Kumar pointed out in a research report that "Trump may be able to reach agreements more smoothly with India, Japan, and South Korea, but negotiations with the European Union are likely to be more difficult." He stated that the market focus may shift to the impact of tariff policies on the economy, but this impact has not yet been reflected in economic data released before the second half of May. During this period, the DXY dollar index climbed to a high of 100.0260.