India, July 28 -- The Dollar recorded a massive decline during the week ended July 25 amidst the announcement of the trade deal between the U.S. and Japan. The week was dominated by caution over trade tariffs as well as interest rates in the U.S. Anxiety was also writ large ahead of the crucial August 2 deadline for higher trade tariffs.
The U.S. Dollar inter alia slipped against the euro, the British pound, the Australian dollar, as well as the Japanese yen during the past week. The greenback also declined against the Swiss franc, the Swedish krona and the Canadian Dollar. The Dollar Index which measures the Dollar's strength against a basket of 6 currencies also dropped heavily.
From the level of 98.48 on July 18, the Dollar Index plung...