The dollar slumped on Tuesday, the first full trading day of 2018, with a key dollar index falling for a fifth-straight session to trade at a more than three-month low as traders pondered what’s next for interest rates and the economy.
What are currencies doing?
The ICE U.S. Dollar Index DXY, -0.46% dipped 0.2% to 91.951 to trade at its lowest level since September, according to FactSet data. The index, which measures the greenback against six rival currencies, lost 9.9% in 2017, suffering its worst year since 2003.