The dollar index remained below 98 on Tuesday after sliding for two straight sessions, as investors awaited progress on trade talks ahead of the August 1 deadline for countries to reach deals with the US. Treasury Secretary Scott Bessent said Monday that the administration prioritizes the quality of trade agreements over timing. He noted that President Donald Trump would decide whether to extend the deadline for countries making productive progress with Washington. On the monetary front, markets are watching for comments from Federal Reserve Chair Jerome Powell at a Washington event later today for signals on interest rate policy. While Trump continues to pressure the Fed to cut rates, traders are not yet pricing in a move this month.