India, April 27 -- The Dollar Index rebounded during the week ended April 24, amidst an uncertain geopolitical situation in the Middle East and lack of clarity about a deal to end the conflict. The Dollar's strength was despite expectations of a not-so-hawkish monetary policy stance by Kevin Warsh who is expected to succeed Jerome Powell as Fed Chair.
During the week, the U.S. dollar inter alia rallied against the euro, the Australian dollar, the Japanese yen, the Swedish krona, and the Swiss franc. It however retreated against the British pound as well as the Canadian Dollar. The 6-currency Dollar Index added a little less than half a percent over the course of the week. Here is a quick recap of the dollar's trajectory during the week end...