US Dollar Index loses ground to near 98.50, US PPI data in spotlight
The US Dollar Index (DXY) dropped to 98.50 on July 16, 2025—its lowest level in over ten months—as markets await the release of the US Producer Price Index (PPI) data. The decline comes amid growing expectations that the Federal Reserve may begin easing interest rates later this year due to cooling inflation signals and weaker economic data.