The U.S. dollar continued its downward trend on Monday, falling against a broad range of global currencies. The WSJ Dollar Index dropped 0.5% to 95.33, equaling last week’s end-of-day low and inching closer to September’s closing low of 95.31—the weakest level since July 2023.
Currencies including the Australian dollar, British pound, euro, Japanese yen, and Swiss franc all strengthened against the greenback. Meanwhile, the ICE U.S. Dollar Index, which measures the dollar against a narrower basket of peers, also declined but remained above its April lows.
Market watchers are now eyeing the 95-point threshold as the next critical level, with continued pressure on the dollar raising questions about its near-term stability.
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News Source: WSJ.com
