The dollar index moved near its lowest level in more than a year, as investors await new catalysts to see if the dollar will continue to fall in the wake of last week's softer-than-expected inflation report.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell slightly to 99.84 in early Asian trading on Tuesday, after it fell to its lowest level since April 2022 on Friday.
The index also recorded its worst weekly performance in 2023 last week, after data showed a further decline in inflation in the United States, with consumer prices recording the lowest annual increase in more than two years, which relieves pressure on the Federal Reserve (US Central Bank) to resume raising interest rates. .
