US Dollar Index Rises to 97.83 as Euro and Pound Slip

The U.S. dollar index (DXY) jumped 15 points to 97.83, pressuring the euro and pound in short-term forex trading.

Dollar Strengthens in Short-Term Move

According to ChainCatcher, the U.S. dollar index climbed to 97.83 in a quick 15-point rise, signaling renewed demand for the greenback.

Euro and Pound Under Pressure

The euro fell 19 points, and the British pound dropped 17 points as the dollar gained ground, highlighting short-term weakness in European currencies.