⏬ The dollar index has reached its lowest level since the beginning of March

It is already down 11% since the beginning of the year. This weakening of the dollar could have important implications for global markets.

A historically weak dollar makes offshore funding in US dollars cheaper. This could be a catalyst for risk assets, including stock indices and cryptocurrencies, to rise.

Against the backdrop of current macroeconomic uncertainty, a weaker dollar could play into the hands of those betting on a market recovery.