The dollar eased after reaching a one-month high in the previous session when the U.S. and China announced a deal to lower tariffs for 90 days.
Markets are suffering a “bit of a hangover” after Monday’s rally as investors take a moment to question how good the U.S.-China news really is and how long the truce will last, Swissquote Bank’s Ipek Ozkardeskaya said in a note. “While recent days have brought major progress to the table, this isn’t the end.”
The DXY dollar index fell 0.2% to 101.618 after reaching a high of 101.977 on Monday.
