Forex
Dollar Index Plunges Amid Record-Breaking US Debt
The US Dollar Index (DXY) has fallen sharply by 0.88% to 98.78 points due to growing concerns over the country's debt.
A recent report from Reuters and CNBC revealed that government debt has surpassed $40 trillion for the first time, raising fears about essential public spending and interest servicing costs.
The US federal deficit has expanded in recent months due to tariff refunds, with total debt nearly doubling in less than a decade under the administrations of Donald Trump and Joe Biden.