The Dollar Index (DXY), a measure of the dollar's value against a basket of foreign currencies, has plummeted to its lowest level since February 2022. MarketWatch data indicates the index reached 97.48, reflecting a significant weakening of the US dollar. This decline can be attributed to factors such as shifting expectations regarding Federal Reserve interest rate policy and improving economic outlooks in other major economies. A weaker dollar can have various implications, potentially boosting US exports by making them cheaper for foreign buyers, while also increasing the cost of imports. It also impacts commodity prices, which are often priced in dollars. ```