💵 Dollar Index Drops 📉
The U.S. Dollar Index slipped 0.45%, closing at 98.346, as major global currencies strengthened. The euro and British pound both gained slightly, while the yen, Swiss franc, Canadian dollar, and Swedish krona also appreciated against the dollar. This broad weakness suggests shifting market sentiment, possibly influenced by expectations of future Fed rate cuts or global economic adjustments. A softer dollar often boosts commodities and risk assets, including crypto, as investors seek higher returns elsewhere. Overall, currency markets are signaling a mild move away from dollar dominance. 🌍📉💱✨
