Dollar Is Heading to Lowest Level in More Than 3 Years

Core Insights - The U.S. dollar is experiencing a significant decline, currently trading at 96.39, down 0.3%, and approaching its lowest level since February 2022 [2][3] - The dollar has dropped more than 11% this year, marking its worst three-day performance since the end of July [2][3] Market Reactions - The decline in the dollar is attributed to traders' expectations that foreign investors will shift their investments from the U.S. to other countries offering better returns or higher interest rates [3]