Select Language

US Dollar Index surges to near 99.00 due to trade optimism, eyes on US-China trade talks

Breaking news

US Dollar Index surges to near 99.00 due to trade optimism, eyes on US-China trade talks

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.07.29 13:37
US Dollar Index surges to near 99.00 due to trade optimism, eyes on US-China trade talks

update 2025.07.29 13:37

  • The US Dollar Index receives support from trade optimism following the US-EU trade deal.
  • US-China trade talks are scheduled to resume on Tuesday, after five hours of negotiations were held in Stockholm on Monday.
  • President Trump ordered the resumption of trade negotiations with Cambodia and Thailand after the end of a five-day conflict.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing to gain ground for the fourth successive session and trading around 98.70 during the Asian hours on Tuesday. The Greenback receives support from trade optimism, driven by the United States (US)-European Union (EU) trade agreement finalized on Sunday, setting 15% tariffs on most European goods, taking effect on August 1.

Additionally, traders keep their eyes on further developments in the US-China trade talks. The discussions are set to resume on Tuesday after top economic officials from both nations held over five hours of negotiations in Stockholm on Monday. However, US President Donald Trump also highlighted on Monday that countries refusing to negotiate separate trade deals could face tariffs ranging from 15% to 20%, well above the 10% rate set in April.

President Trump announced in a social media post Monday that resume trade negotiations with Cambodia and Thailand after both countries ended a five-day fight along their disputed border. "By ending this War, we have saved thousands of lives. I have instructed my Trade Team to restart negotiations on Trade," Trump added.

The US Federal Reserve (Fed) is anticipated to keep the benchmark interest rate steady between 4.25% and 4.50% on Wednesday. The FOMC press conference will be observed for any signs that rate cuts may start in September. Traders are also awaiting key economic data this week, including the Q2 Personal Consumption Expenditures (PCE) inflation report and July's Nonfarm Payrolls, for further insight into the health of the US economy.

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.10% 0.14% -0.01% 0.00% 0.03% 0.20% 0.08%
EUR -0.10% 0.02% -0.15% -0.10% -0.06% -0.01% -0.01%
GBP -0.14% -0.02% -0.18% -0.13% -0.07% -0.03% -0.05%
JPY 0.01% 0.15% 0.18% 0.02% 0.06% 0.16% 0.22%
CAD -0.00% 0.10% 0.13% -0.02% -0.03% 0.20% 0.07%
AUD -0.03% 0.06% 0.07% -0.06% 0.03% 0.06% 0.02%
NZD -0.20% 0.01% 0.03% -0.16% -0.20% -0.06% -0.02%
CHF -0.08% 0.00% 0.05% -0.22% -0.07% -0.02% 0.02%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).


Date

Created

 : 2025.07.29

Update

Last updated

 : 2025.07.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

EUR/GBP weakens as US-EU trade deal backlash weighs on Euro sentiment

The Euro (EUR) continues to weaken against the British Pound (GBP) for a second consecutive day on Tuesday, dragged down by rising backlash to the US‑EU trade deal announced over the weekend.
New
update2025.07.29 22:12

US Dollar extends trade-driven rally as markets await key US economic data

The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.
New
update2025.07.29 21:12

JPY quiet at range low ahead of BoJ later in week - Scotiabank

The Japanese Yen (JPY) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it consolidates its recent decline to the lower end of its multi-month range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
update2025.07.29 20:57

GBP flat and also attempting stabilization - Scotiabank

The Pound Sterling (GBP) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it also seeks to attempt stabilization following a recent pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
update2025.07.29 20:55

EUR steady following Monday's drop - Scotiabank

The Euro (EUR) is attempting stabilization in the mid/-upper 1.15s as it seeks to consolidate Monday's sizeable 1.3% decline against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
update2025.07.29 20:52

USD/CNH: Expected to continue to rise - UOB Group

US Dollar (USD) is expected to continue to rise against Chinese Yuan (CNH); the major resistance at 7.1910 could be out of reach for now.
New
update2025.07.29 20:50

CAD retains a soft undertone - Scotiabank

The Canadian Dollar (CAD) is little changed on the session but retains a soft undertone after spending most of the week so far on the back foot against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
update2025.07.29 20:47

USD/JPY: 149.20 is unlikely to come under threat - UOB Group

US Dollar (USD) could advance further against Japanese Yen (JPY); the major resistance at 149.20 is unlikely to come under threat. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.07.29 20:44

USD advance shows signs of stalling - Scotiabank

The US Dollar (USD) has seen a solid advance so far this week as trade deals, or at least their outlines, are reached and US/China trade talks resume.
New
update2025.07.29 20:42

USD/CAD jumps to near 1.3750, investors await Fed's and BoC's monetary policy outcome

The USD/CAD pair extends its winning streak for the fourth trading day on Tuesday, rising to near 1.3755.
New
update2025.07.29 20:37

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel