US EditionDollar Sinks to Lowest Level in Four Years as Headwinds Multiply
3 Articles
3 Articles
Dollar Sinks to Lowest Level in Four Years as Headwinds Multiply
Traders in the $9.5 trillion-per-day currency markets are wagering on further losses in the dollar as US policy risks and a resurgent yen drag the world’s primary reserve currency to its weakest level in nearly four years.
The euro exceeded $1.2 for the first time since 2021 and declined slightly during the session, recorded $1.2015, while the pound sterling approached the highest level since 2021, recorded $1.3823 in Asia's early dealings. The US dollar index, which measures US currency performance against six major currencies, scored 95.964, down by more than one percent at the previous meeting when it reached the lowest level in four years at 95.566.
Mexico City, Mexico.- In the midst of geopolitical tension following Trump's threats to Greenland and the Federal Reserve, the dollar weakens against the Mexican currency, which fell to its lowest level in four years. As the dollar exchange rate continues to decline, the Mexican peso advances, demonstrating economic stability in the country, which also adds to the tensions between the two nations regarding the president's collaboration and respe…
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