NEW YORK: The US dollar on Wednesday declined to its lowest in one week against other main currencies, following its increase after the election of Donald Trump as president. The drop in the dollar’s value has caught the attention of financial analysts and traders worldwide, as it reflects broader market reactions to recent economic and political developments.

According to Yemen News Agency, the dollar index, which measures the greenback’s strength against six main currencies, decreased from 106.18 points last Wednesday to 106.07 points this Wednesday. This decline marks a notable shift in the currency’s performance, as it had seen a steady increase after Trump’s election, driven by market optimism about potential economic reforms and fiscal policies.

The fluctuation in the dollar’s value has raised questions about the future direction of US monetary policy and its impact on global markets. Investors are closely monitoring upcoming economic data and statements from Federal Reserve officials for indications
of any changes in interest rates or other monetary measures. The dollar’s performance remains a crucial factor for global trade and investment strategies, influencing decisions across various sectors.