Dollar surges on US-China trade deal, but Deutsche Bank sees reason for caution By Investing.com

Dollar Surge and Trade Agreements: The dollar rose 1.6% due to increased Treasury yields and optimism over a U.S.-China trade deal, which includes a 90-day pause on tariffs; however, Deutsche Bank suggests the benefits of these agreements favor global growth rather than strengthening the dollar.

Global Growth Outlook: While recent trade developments provide clarity and reduce uncertainty, the overall outlook for the dollar remains cautious due to ongoing uncertainties in U.S. fiscal policy and the potential for a less confrontational U.S. administration to influence dollar inflows.