The dollar is surging. Here’s what’s behind the big move after the U.S.-China trade announcement. - MarketWatch
1. DXY rose 1.43% after tariff reductions in Sino-American trade. 2. Tariff cuts exceeded analyst expectations, impacting market sentiment positively. 3. Short positioning in dollars is historically high, indicating potential reversals. 4. Investors view recent volatility as a short-term correction, not long-term change. 5. Fed likely to hold rates steady due to improved trade conditions.