DXY Slumps Near 99.65 Amid Fed Rate Cut Bets
The US Dollar Index (DXY) is trading near 99.65 as of May 15, 2025, holding close to its multi-week low.
This decline comes as traders increasingly price in a potential rate cut at the Federal Reserve's September meeting, diminishing the dollar's yield advantage over other currencies.
The euro and yen have strengthened against the dollar, contributing to the DXY's decline.