Dollar Continues to Fall
The dollar index fell to 100.3 on Wednesday, further easing from a one-month high hit on Monday, as momentum from a rally fueled by U.S.-China tariff cuts faded. Traders shifted their focus back to the broader implications of trade policy for the U.S. economy. Also, a weaker-than-expected inflation report fueled speculation that the Federal Reserve may still have room to cut interest rates twice this year.
The dollar weakened broadly, with the most notable declines seen against the yen and the euro. The greenback also fell more than 1.5% against the South Korean won following a report that South Korean and U.S. authorities discussed the won/dollar market on May 5.
Source: Trading Economics