The USD Index dropped to 98.938. US President Donald Trump postponed a 50% tariff on EU goods, sparking an increase in the euro. The market also focused on the progress of Trump's tax and spending bill.USD/ JPY sank to 142.38.Related NewsAPI Crude Oil Stock Change for May/16 in United States is 2.499M, lower than the previous value of 4.287M. The forecast was -1.85M.EUR/ USD added to 1.1399, reaching an intraday high of 1.1418, the highest since April 29.GBP/ USD hiked to 1.3576, setting its highest level since February 2022.USD/ CHF fell to 0.8197.Related NewsContinuing Jobless Claims for May/10 in United States is 1,903K, higher than the previous value of 1,867K. The forecast was 1,890K.AUD/ USD faded to 0.6486.USD/ CAD subsided to 1.3728.