The U.S. Dollar Index (DXY) experienced its largest daily gain since November 6, 2024, marking a notable rally in the currency market. The dollar surged nearly $10, approaching the 950 level, driven by a recent agreement between the United States and China that eased tariff tensions and revitalized demand for the greenback. This development has been interpreted as a truce that alleviates growth concerns, contributing to the strengthening of the U.S. dollar. Despite this daily surge, the U.S. Dollar Index has recorded its worst year-to-date performance since at least 2000, indicating a broader shift in global currency flows and positioning that goes beyond short-term market noise.