India, June 3 -- The Dollar Index rebounded during the week ended May 30 amidst conflicting court rulings that debated the powers available to President Trump to enforce the reciprocal tariffs on trade partners. Close on the heels of a trade court in the U.S. setting aside the reciprocal tariffs imposed by the Trump administration, an appeals court temporarily reinstated it, causing wild swings in the Dollar's fortunes that eventually resulted in a stronger greenback.
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 Doll...