Dollar nears 3-month low
The US dollar sharply declined, nearing its lowest level in three months, with the dollar index reaching 98.938, approaching its mid-May low. The dollar weakened against major currencies such as the euro, which stabilized at $1.1676, and the yen, which reached 158.32 against the dollar. This decline occurs amid stable financial markets and reflects the weakness of the U.S. currency compared to major currencies following economic data or geopolitical factors that influence demand for the dollar as a safe-haven asset.
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