The six currencies which are included in the US dollar index are America’s major trading partners. The index has been replaced only once when the Euro replaced German Mark, French Franc, Italian Lira, Dutch Guilder and the Belgian Franc.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China
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