Dollar Surges Amid US Consumer Confidence Plunge
The US Consumer Confidence Index slipped to 81.9 in September from 88.6 in August, marking its third consecutive monthly decline.
The Conference Board's measure fell as consumers expressed rising concerns about the economy amid geopolitical tensions and a federal funds rate hike.
The dollar index surged to multi-week highs near 101.45 as investors sought safe-haven assets amidst the uncertainty.