U.S. Dollar Reaches Five-Month Low Amid Economic Concerns

According to BlockBeats, on March 11, the U.S. dollar fell to a five-month low against a basket of major currencies, driven by economic anxiety in the United States. The dollar index reached its lowest point since mid-October, dropping 0.5% to 103.329. Jefferies analyst Brad Bechtel informed clients that the pattern is familiar: concerns over U.S. growth push the dollar index down to 100, while inflation worries drive it back up to 108.