Dollar Index Plunges to 96.29 as Non-US Currencies Gain Strength

US Dollar Weakens Across the Board

The US dollar index has seen significant weakness, falling 0.78% to 96.29, signaling a shift in investor sentiment away from the greenback.

Major Currency Movements

The British pound rose 0.8% against the US dollar, hitting 1.3787—the highest level since October 2021. The Japanese yen also strengthened, pushing USD/JPY down 0.8% to 152.92. Meanwhile, the euro climbed 0.73% to 1.1968 against the dollar.

Emerging Market Currencies Shine

Among emerging market currencies, the Brazilian real gained 1% against the dollar in spot trading, highlighting growing interest in non-US assets.