The dollar’s weakness persisted against major currencies as investors sought refuge in perceived safe-haven assets. Concerns about the global economic outlook, particularly in the United States, have weighed heavily on the currency.

Factors Contributing to Dollar Weakness

• Economic Uncertainty: Lingering doubts about the strength of the U.S. economic recovery are a primary driver.
• Safe-Haven Demand: Currencies like the Swiss franc and the Japanese yen have benefited from increased demand.
• Monetary Policy: Expectations regarding future monetary policy decisions also influence currency valuations.

Market Sentiment

Market sentiment remains cautious, with investors closely monitoring economic data releases and policy announcements. The dollar’s trajectory will likely depend on how these factors evolve in the coming weeks.