NEW YORK, March 25 (Xinhua) — The U.S. dollar showed signs of weakness during late trading on Monday.
The dollar index, a measurement of the dollar’s value against six major currencies, decreased by 0.23 percent to 104.235 at 3:00 p.m. (1900 GMT).
Market analysts attributed the weakening of the dollar to various factors, including concerns about the global economic outlook and uncertainty surrounding U.S. fiscal policies.
Investors were closely monitoring developments in trade negotiations between the U.S. and other countries, which could impact the dollar’s performance in the near future.
In addition, the Federal Reserve’s monetary policy decisions also played a role in influencing the dollar’s value against its peers.
Despite the decline in the dollar index, experts noted that the U.S. currency remained relatively strong compared to historical levels.
Some market participants expressed optimism about the dollar’s resilience in the face of ongoing economic challenges and geopolitical uncertainties.
However, others cautioned that continued volatility in the currency markets could lead to further fluctuations in the dollar’s value in the coming weeks.
