Dollar Index Slips to 98.642 as Markets Reassess Outlook
The U.S. dollar index declined 0.41% on the latest trading day, settling at 98.642 by market close. This shift reflects growing investor caution over the economic outlook and potential changes in monetary policy direction.
Global Currencies React to Shifting Data
Recent mixed U.S. economic indicators—ranging from inflation to labor figures—have fueled speculation about the Federal Reserve’s next moves. Meanwhile, stronger-than-expected data from the eurozone boosted demand for alternative currencies.
- Dollar index down for third consecutive session
- Euro gains over 0.6% against the dollar
- Asian currencies show broad-based strength
Analysts suggest that if Treasury yields continue to ease, the dollar could face additional downward pressure. Market attention now turns to upcoming retail sales figures for clearer signals on consumer resilience.