India, May 5 -- The U.S. Dollar extended gains during the week ended May 2 in the backdrop of mixed economic data from the U.S. The dollar's course during the week was significantly dictated by expectations of trade deals between the U.S. and its trade partners. Expectations of an easing in the trade tensions between China and the U.S. particularly swayed sentiment.
The Dollar Index, a measure of the Dollar's strength against a basket of currencies comprising the euro, the British pound, the Japanese yen, the Canadian dollar, the Swedish krona and the Swiss franc closed trading on May 2 at 100.03 versus 99.47 on April 25. at 99.47, implying weekly gains of 0.56 percent. The week's trading range was much wider, oscillating between the low o...