India, May 12 -- It was another positive week for the greenback as easing trade tensions and hopes of a deal with China helped the U.S. Dollar build on gains made in the previous week. The week ended May 9 witnessed the U.S. Dollar inter alia gaining against the euro, the Australian Dollar, the Japanese yen, the Canadian Dollar, the Swedish Krona and the Swiss franc but slipping against the British pound. The Dollar Index closed more than a quarter percent higher in a week's time.
The Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 currencies added 0.31 percent during the week ended May 9. The DXY which had closed at 100.03 on May 2 finished trading at 100.34 a week later. During the week, the index climbed fro...