The US Dollar Index has weakened for the fourth consecutive day, trading around the 98.70 level during Asian hours on Thursday, according to FX Street. This marks a continued pullback against a basket of six major currencies.
The sustained decline in the US Dollar Index suggests cautious sentiment among investors, potentially reflecting shifts in global risk appetite or expectations around US monetary policy.
For Japanese markets, movements in the US Dollar Index are closely watched due to their impact on the USD/JPY pair, influencing export competitiveness and cross-border investment flows.