The US dollar index hovered around 97 on Monday, holding steady after President Donald Trump confirmed that his sweeping reciprocal tariffs will take effect on August 1. Treasury Secretary Scott Bessent stated the tariffs would revert to April 2 levels for countries that have not reached a trade agreement with the US by then, effectively giving trading partners more time to renegotiate terms. So far, only China, the UK, and Vietnam have secured some form of deal with Washington. Last week, the dollar fell to its lowest level in over three years, pressured by rising tariff risks, mounting fiscal concerns, and expectations of deeper Federal Reserve rate cuts. However, stronger-than-expected US jobs data helped ease those worries. The economy added 147,000 jobs in June, surpassing forecasts of 110,000 and slightly up from May’s 144,000, tempering recession fears and reducing immediate pressure on the Fed to lower rates further.