Core Insights - The US dollar has strengthened against most major currencies due to renewed trade tensions with China, prompting investors to seek safe-haven assets [2] - The Bloomberg Dollar Spot Index increased by 0.3%, reaching its highest level since August 1, as government bonds rallied and stock prices fell [2] - Analysts from ING suggest that the dollar's renewed status as a safe haven and additional bullish momentum could support its value in the near term [3] Currency Movements - The Australian dollar experienced a 1% decline, marking its lowest value in nearly two months, while the British pound reached a new two-month low following labor data from the UK [2] - Options markets indicate a rising demand for bullish dollar positions, particularly against the pound, Australian dollar, and Canadian dollar [4] - Conversely, traders are taking a bearish stance on the Japanese yen, which is currently leading G-10 currencies [4] Market Sentiment - Traders are closely monitoring a keynote speech by Federal Reserve Chair Jerome Powell for insights on whether the market's current pricing of the central bank's outlook is overly dovish [5]