#CryptoComeback Today's USD exchange rate in the world

The USD has risen sharply against the Japanese yen and Swiss franc in the last trading session, as market worries eased due to the bilateral trade agreement between the US and the UK, while the British pound reversed gains made after the Bank of England cut interest rates.

US President Donald Trump announced a 'breakthrough' trade agreement with the UK on May 8, maintaining the baseline tariff of 10% on imports from the UK, including vehicles.

"The market views the trade deal positively. In my opinion, the baseline tariff of 10% is still very high for goods imported into the US and changes my assessment of how global trade operates," said Axel Merk, President and Chief Investment Officer at Merk Hard Currency Fund in California, USA.

The USD reached a four-week high against the Japanese yen at 146.175 following the announcement of the trade agreement. The USD rose 1.55%, reaching 146 yen.

Against the Swiss franc, the currency increased by 1.07%, reaching 0.8323 francs, the highest level since May 1.