The US Dollar Index climbs back above the 100 mark in Asian trading, recovering from its weakest point in over a month.
The US Dollar Index (DXY) regained ground above the 100 level during Asian trading hours, reversing a slide that had pushed it to its lowest point since June 17. The index, which measures the greenback against a basket of major currencies, found support after recent declines.
Prior to the rebound, the DXY had dipped below the psychological 100 mark, reflecting broader dollar weakness amid shifting expectations for Federal Reserve policy. The index had traded as low as 99.50 earlier in the session before recovering.
The move higher comes as traders assess upcoming economic data and central bank signals, with the dollar remaining sensitive to interest rate expectations and global risk sentiment.