Dollar Falls 10.8% as Euro Surges to Four-Year High on Fed Uncertainty
The US Dollar Index dropped 10.8% in early 2026, hitting its lowest level since 2022, while the euro reached multi-year highs against major currencies. The pound gained 7% in 2025 but now trades at €1.13, its weakest since April 2023, with analysts forecasting potential decline below $1.30. The Swiss franc attracted safe-haven flows as markets brace for the Federal Reserve leadership transition in June 2026.
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