US Dollar Index Drops Below 100 as Safe-Haven Demand Fades

The US Dollar Index (DXY), which measures the greenback against six major currencies, declined to approximately 99.50 in Asian trading. The move lower reflects a fading safe-haven bid, with market participants rotating out of the dollar.

The DXY has slipped below the psychologically important 100 level, signaling bearish sentiment for the US currency. No further catalysts were cited in the brief update.