The US dollar index rose above 99.2 on Tuesday, reversing losses from the previous session as investors focused on ongoing US-China trade negotiations in London. Treasury Secretary Scott Bessent and other senior officials met with their Chinese counterparts on Monday to discuss rare earth shipments and a possible easing of export restrictions, with further talks expected Tuesday. Hopes for a tariff truce between the world’s two largest economies buoyed the dollar, which has faced pressure this year amid President Donald Trump’s trade policies that dampened investor confidence in US assets. Markets are also closely watching upcoming CPI and PPI reports later this week, which are expected to provide further insights into inflation dynamics and the economic fallout from the prolonged trade dispute. The greenback advanced broadly, with the largest gains seen against the Japanese yen, euro, and British pound.