On Nov. 28, the U.S. Dollar Strength Index (DXY), which measures the U.S. dollar against major fiat currencies, hit a three-month low. Investors are increasingly betting that the U.S. Federal Reserve (Fed) will cease raising interest rates, exerting downward pressure on the domestic currency. This sentiment has led fixed-income investors to seek higher yields abroad, resulting in selling pressure on the U.S. dollar.
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Source: Cryptocurrency - investing.com
