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2025-07-29 16:08:31
[The US dollar index hit a one-month high, boosted by the trade agreement and economic resilience] ⑴ The US dollar rose to a one-month high against a basket of currencies on Tuesday, with the DXY dollar index rising to 99.048, mainly driven by optimism about the trade agreement between the United States and the European Union. According to the agreement, the United States will impose a 15% tariff on the European Union. ⑵ MUFG Bank analysis pointed out that the market focus is shifting from trade uncertainty to the resilience of the US economy. Strong second-quarter earnings support the performance of US stocks, and "expectations of the end of American exceptionalism have not yet appeared." ⑶ Market participants are closing earlier short positions in the US dollar, reflecting a reassessment of the outlook for the US dollar.
