The US Dollar Index rebounds from its lowest level since early June, gaining traction above 99.50 in early trading.
The US Dollar Index (DXY) extended its recovery, trading above 99.50 after rebounding from a two-month low near 99.30. The move marks a follow-through gain following an overnight rebound from levels last seen on June 5.
Prior to the recovery, the DXY had dipped to its weakest point since early June, reflecting a broader pullback in the greenback. The index tracks the dollar against a basket of major currencies, including the euro, yen, and pound.
No immediate market reaction was specified, though the recovery suggests renewed demand for the dollar amid shifting risk sentiment.