India, May 19 -- Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
The U.S. dollar inter alia gained against the euro, British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona and the Swiss franc. The Dollar Index recorded gains for the fourth week in a row.
The Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 currencies added 0.75 percent during the week ended May 16. The DXY which had closed at 100.34 on May 9 finished trading at 101.09 a week later. During the week, the index traded between the high...