Singapore: The US dollar index, which tracks the currency against six major rivals, sank 0.3% to 98.813, while the euro jumped along with risk-sensitive currencies like the Australian dollar on Monday after President Donald Trump backed down from threatened 50% duties on European Union shipments from June .
The euro climbed as much as 0.55% to reach $1.1418 for the first time since April 29.
The Aussie jumped 0.58% to $0.6537, a level not seen since November 25.
The New Zealand dollar soared 0.75% to the highest since November 7 at $0.6031.
Sterling advanced as much as 0.38% to scale its highest level since February 2022.
The safe-haven yen and Swiss franc were overall weak as market sentiment improved, but they still appreciated against the embattled US dollar.
The greenback slipped as much as 0.24% to 142.23 yen , the lowest level this month, and edged to a 2-1/2-week low of 0.8193 franc.
