Dollar Jumps Most Since May After US and EU Reach Trade Deal

The dollar jumped the most since early May, putting it on track for its first monthly gain this year, as a trade deal between the US and the European Union renewed some fears about the impact of tariffs on global growth.

The Bloomberg Dollar Spot Index strengthened 0.8% against major peers on Monday. While it’s still down significantly from the start of the year, the gauge of the US currency has gained 1.5% in July so far.