U.S. Dollar Index Continues to Decline, Nears Three-Year Low

Time: As of 11:43 Mid-day

Index: U.S. Dollar Index down 0.27% at 98.09

Key Highlights:

• The U.S. Dollar Index has continued its downward trend for the second consecutive trading day.

• The index has now fallen close to its lowest level in three years.

• Investor confidence in the U.S. economy has weakened, putting pressure on the dollar.

• On Monday, President Donald Trump once again criticized Federal Reserve Chairman Jerome Powell.

• Trump warned that the U.S. economy could slow down unless interest rates are cut immediately.

• In response, Powell stated that the Fed would not consider cutting interest rates unless it becomes clear that Trump’s tariff plans will not lead to sustained inflation.

Conclusion:

Uncertainty around interest rate policy and trade strategies has weighed heavily on the U.S. dollar, pushing the index closer to a multi-year low.