Dollar Falls to 15-Month Low on a Weighted Basis

The weighted DXY dollar index is hovering just above 100, a threshold last crossed in April 2022 and down 12.7% from late last September. The dollar has weakened on yesterday’s lower-than-expect U.S. CPI inflation news and the published Beige Book that revealed economic stagnation in five of the twelve Federal Reserve districts, modest to slight […]