While the U.S. dollar gained ground Friday, it is still set for a weekly drop amid ongoing tariff negotiations and bank meetings scheduled for next week.

The U.S. dollar jumped 1% after Trump's EU trade deal, posting its best day in months as euro tumbled and traders scrambled to cover shorts.

Trump is winning his trade war … but Americans will pay the price - ANALYSIS: Why did the EU trade deal fall flat on Wall Street? One expert says ‘markets have taken TACO a bit too seriously’ as another says the ‘deal still means consumers pay more in tariffs,

The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global trade war.

President Trump hints at refund checks for certain Americans, citing soaring tariff revenues and a push toward fiscal responsibility and economic growth.

The dollar is wrapping its worst week in July as President Donald Trump amps up his calls for interest-rate cuts amid a looming deadline for trade deals.

The dollar gained against major currencies including the euro and yen on Monday with sentiment lifted by a trade agreement between the U.S. and the EU, which brings market certainty and averts a global trade war.