India, July 14 -- A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11. The U.S. dollar inter alia strengthened against the euro, the British pound, the Japanese yen, the Canadian dollar and the Swiss franc. The greenback however weakened against the Australian dollar and the Swedish krona.
The Dollar Index (DXY), a measure of the Dollar's strength against a basket of 6 currencies added 0.92 percent during the week ended July 11. The DXY which had closed at 96.96 on July 4 finished trading at 97.85 a week later. During the week, the index traded between the low of 96.89 recorded on Monday and the high of 97.96 recorded on Friday. The d...