The dollar index has turned to a decline, failing to gain a foothold above 95, and this morning it loses another 0.2%, increasingly receding in the middle of the three-months trading range. Suggested Articles US and European Stocks Mixed as Investors Mull Brexit Developments, China Trade Data Is a Strong Dollar Good for the US Economy? As we wrote yesterday, in the short-term the dollar growth can reduce inflationary pressure in the US and deter the Fed from an excessive tightening of monetary policy.