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US Dollar Continues Downward Spiral as DXY Index Hits 12-Year Low
US Dollar Continues Downward Spiral as DXY Index Hits 12-Year Low
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The US dollar’s decline shows no signs of abatement, with the DXY index—a key measure of the greenback’s strength—plunging to 99 after briefly touching 100 earlier this month. This marks the currency’s weakest performance in over a decade as it loses ground against major global counterparts.
Federal Reserve Governor Christopher Waller’s remarks to Fox Business suggest tariff reductions could stabilize markets, while maintaining current trade policies may exacerbate the dollar’s slide. The currency’s sharp reversal from its 2024 high of 109.40 underscores growing macroeconomic pressures.
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