The dollar index has continued to weaken during the day, with a decline exceeding 0.50%, now reporting at 98.68. This fluctuation is mainly influenced by market sentiment and the global economic environment.
Why is the dollar index falling?
Analysis suggests that the decline in the dollar index is primarily driven by shifts in market expectations around the Federal Reserve's monetary policy and weaker-than-expected economic data.
- Market speculation about potential Federal Reserve rate cuts is increasing
- Some economic indicators have shown weakness
- Geopolitical tensions and global economic uncertainty are rising