The Dollar Index fell below 99.40 after softer US economic data, boosting the euro and other major currencies.
The euro approached 1.1600 against the dollar as the Dollar Index retreated following weaker-than-expected US economic data last week. The index dropped below 99.40, a level that could push it toward 99 or lower in the coming weeks.
Recent US data releases have weighed on the dollar, contrasting with stronger performances from other major currencies. Analysts suggest further declines may occur if the index breaches key support levels.
No immediate market reaction was specified, but the shift reflects broader sentiment toward the dollar amid economic uncertainty.