The US Dollar Index registers slight increases, hovering around 98.10 during the Asian session on Tuesday. US Vice President JD Vance is set to visit Pakistan for discussions with Iran. The March Retail Sales report for the US is scheduled for release later on Tuesday. The US Dollar Index, an index reflecting the value of the US Dollar measured against a basket of six global currencies, is currently positioned around 98.10 during the Asian trading hours on Tuesday. The DXY experiences slight upward movement as market participants anticipate updates regarding the US-Iran negotiations.

US President Donald Trump indicated that US Vice President JD Vance is set to depart later on Monday to continue negotiations, “either Tuesday night or Wednesday morning,” according to a source. Vance is anticipated to be accompanied by Jared Kushner and special envoy Steve Witkoff. The forthcoming round of discussions is anticipated to occur in Pakistan. Iran is dispatching a team, though the identity of the delegation leader remains uncertain.

Earlier Tuesday, Trump indicated that he is unlikely to extend the two-week ceasefire with Iran, thereby heightening the urgency for negotiators to finalize a deal to conclude the conflict. Attention will be focused on the US March Retail Sales report later on Tuesday. Retail Sales are anticipated to increase by 1.4% month-over-month in March, in contrast to a 0.6% rise in February. A softer-than-expected reading could undermine the US Dollar in the near term.