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A widely followed gauge of the U.S. dollar fell toward one of its lowest levels in four years on Monday as investors weighed Japan’s parliamentary election results and China’s efforts to move away from U.S. assets.
The ICE U.S. Dollar Index
DXY was briefly down as much as 0.8%, at 96.8, after having stabilized toward the end of last week. This brought the dollar back toward one of its lowest levels since February 2022. For reference, the greenback index touched a four-year low around the 96 level in late January.
