Dollar falls to lowest since early June as rate hike bets fade

The dollar declined to its weakest point since early June on Monday, driven by diminishing expectations for additional U.S. interest rate increases in the near term. The currency’s descent reflected a series of softer-than-anticipated economic indicators that led market participants to reassess the Federal Reserve’s policy trajectory.
The dollar index, which tracks the currency against a basket of major peers, reached its lowest level since early June. The euro climbed to a two-mont