The Bloomberg Dollar Spot Index surged by as much as 0.3% to its highest level since June 23, driven by speculation that upcoming US data releases will indicate economic resilience. The dollar strengthened against all Group-of-10 peers, while the euro hit a new low amid concerns over the European Union’s recent trade deal with the US.
Source: https://www.bloomberg.com/news/articles/2025-07-29/dollar-hits-strongest-level-in-five-weeks-ahead-of-key-us-data