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Analysis-Floundering dollar falls to bottom of global currency heap


Analysis-Floundering dollar falls to bottom of global currency heap
Reuters
1 hr ago
By Saqib Iqbal Ahmed
© Reuters/Rick Wilking
FILE PHOTO: Four thousand U.S. dollars are counted out by a banker at a bank in Westminster
By Saqib Iqbal Ahmed
NEW YORK (Reuters) - A dovish Federal Reserve and accelerating growth abroad are weighing on the dollar, a move that could be a boon for stocks and other assets.
The U.S. Dollar Currency Index is down 4% from its 2021 peak, making the greenback the worst performer of the world’s major currencies so far this quarter. By contrast, the euro is up 4% against the dollar, the Brazilian real has risen 6% and the Chinese yuan by about 3%. ....

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