Dollar index decline sparks questions about the U.S. dollar’s global role as major currencies gain ground and gold rallies 28% this year.
The U.S. Dollar Index, which tracks the greenback against six major currencies, has slid sharply this year, raising questions about the dollar’s long-standing status as a global safe haven. The Intercontinental Exchange’s Dollar Index (DXY) stood at 98.64 this week, down 9.08% year-to-date amid broad gains by its constituent currencies.
Among the six benchmarks, the euro commands the largest . . .
