It is on pace for its first up month since December. The U.S. dollar index is up 2.1% this month. If it keeps pace, it will also mark its best July since 2019, when it closed the month up 2.48%. The shift in sentiment comes after the dollar declined broadly against all major currencies in the first half of

The EUR/USD pair gains ground to near 1.1560, snapping the four-day losing streak during the Asian trading hours on Wednesday. However, the potential upside for the major pair might be limited ahead of the crucial US events.

The Indian rupee is likely to open weaker on Tuesday, weighed down by a jump in the dollar index following a steep decline in the euro, as investors digested the implications of the recent US-EU trade deal.

“Further euro strength is likely to be self-defeating,” said Valentin Marinov, a currency strategist at Crédit Agricole, a French bank. Exports were already likely to weaken and become a drag on the eurozone economy because of U.S. tariffs and European government policies that would encourage more imports.

Market players await United States data for additional clues. Progress in trade talks continues to benefit the American currency. EUR/USD pressures

The short-covering recovery in the US dollar has been extended today, but the momentum stalled in the European morning. Click to read.

The U.S. dollar was extending its bounce versus the euro for a second day on Tuesday, finding support on what currency strategists said appeared to be substantial short covering versus the euro following the U.

The dollar strengthened, but Tradu.com warned its current rebound could prove short-lived due to deficit concerns and investors continuing to diversify portfolios away from U.S. assets.