The dollar gauge has fallen almost 14% from a record high set last March.
FRIDAY'S worse-than-expected U.S. employment data saw the Bloomberg Dollar Spot Index drop decisively below its 2021 uptrend, putting it back to little changed for the year.
The biggest one-day slide in five months has also put the greenback at risk of a further decline toward the lowest since February 2018.
The data miss is the latest blow to the world’s reserve currency after its first-quarter revival was snuffed out by retreating Treasury yields, improving sentiment toward economies outside the U.S., and a dovish Federal Reserve.
The dollar gauge has fallen almost 14% from a record high set last March, and the likes of JPMorgan Asset Management and T. Rowe Price are predicting more losses ahead as the global economy recovers.
Limited time offer:
Just RM5 per month.
