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【Largest decline in the dollar index in the same period in history, down 8.4% from January to May】

(Report on June 2) Data from the Dow Jones market shows that from January to May this year, the dollar index tracking the exchange of the dollar against a basket of six global currencies fell by 8.4% to near its lowest level since spring 2022, marking the largest decline in history for the same period. Bank of America stated that exchange rates are the most important prices in open economies, serving both as an asset class and a powerful transmission mechanism for macroeconomic policy.