Here’s the latest snapshot of the global Forex market:

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📉 U.S. Dollar (USD)

The U.S. Dollar Index (DXY) has plunged to a three-year low around 97.6, down nearly 10% from the start of 2025—its worst first-half performance since the 1980s .

Drivers include:

Weak U.S. inflation and employment data fueling expectations of earlier Fed rate cuts .

Rising fears of Trump-era "revenge tariffs" and shifting trade uncertainties .

European investors (e.g. Danish pension funds) reducing dollar exposure .

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🌍 Major Currency Moves

EUR/USD: Holding near 1.1550, supported by a weaker USD and European inflation/ECB dynamics; reaches multi‑year highs above 1.1630 .

JPY & CHF: Benefiting from risk‑off flows due to Middle East tensions and U.S. market volatility, gaining ground against the dollar

#forexmarkit