U.S. Treasury Secretary Reaffirms Strong Dollar Policy, Dollar Index Surges

Dollar Index Surges, Crosses 96.5 Level

The U.S. dollar gained strong momentum in recent trading sessions, with the dollar index rising 0.8% to 96.56. Market interest in the greenback's trajectory has intensified amid fresh developments.

Treasury Secretary Affirms Dollar Strength Policy

U.S. Treasury Secretary recently confirmed that the U.S. remains committed to a strong dollar policy and ruled out any intervention in dollar-yen exchange rate movements. He emphasized the importance of the dollar's global role and long-term stability.

Narrowing Trade Deficit Seen as Potential Catalyst

Besides, the shrinking trade deficit was highlighted as a positive factor for the dollar. Analysts suggest that with exports expanding and imports slowing, the U.S. currency may find additional support in the coming months.