
The dollar index (DXY00) Tuesday rose by +0.13%. The dollar recovered from early losses Tuesday and moved higher on signs of progress in the US-China trade talks. On Monday evening, President Trump stated that the US was "doing well with China" and that he was "only getting good reports" on the talks.
Gains in the dollar were limited Tuesday after the World Bank cut its 2025 global growth outlook. Also, lower T-note yields Tuesday weakened the dollar's interest rate differentials.