The US Dollar Index extends losses, trading close to multi-week lows amid sustained selling pressure in early Asian trade.
The US Dollar Index (DXY) remains under pressure near 99.65, marking a third consecutive session of declines. The index, which measures the greenback against a basket of major currencies, hovers close to its lowest levels in several weeks during early Asian trading.
Prior to this pullback, the DXY had struggled to maintain momentum above the 100 mark, failing to break key resistance levels. Market consensus had anticipated a modest rebound following recent soft economic data, but the dollar’s weakness has persisted instead.
No immediate market reaction was specified, though the sustained downtrend may reflect shifting expectations around Federal Reserve policy or broader risk sentiment.