US dollar Index climbs above 97.8 amid tariff uncertainty - News Summed Up

US dollar Index climbs above 97.8 amid tariff uncertainty


The US Dollar Index (DXY) rose above the 97.8 level on Tuesday, rebounding after coming under pressure in the previous session as investors continue to assess the uncertainty surrounding US trade policy. Over the weekend, Trump threatened to hike global baseline tariffs from 10 percent to 15 percent in response to the court’s decision. He warned that nations “playing games” with existing trade agreements could face even steeper penalties. Geopolitical and currency contextOn the geopolitical front, markets remain focused on renewed talks between the US and Iran, scheduled for this Thursday. Japanese media reports alleged that US authorities reviewed interest rate policies last month to support the Yen.


Source: Egypt Independent February 24, 2026 10:58 UTC



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