Dollar Plummets as Euro Hits Multi-Year High

Institutional analyst Adam Button highlights that despite low market liquidity, the dollar is continuing to weaken. The EUR/USD has surged past 1.15, reaching its highest point since November 2021 with a notable intraday increase of over 1%. This rise reflects a lack of confidence in the U.S. economic plan, leaving the dollar, a long-dominant currency, facing significant challenges. The currency’s weakness has extended to other currencies as well. Notably, the USD/CHF has fallen below an 8-day consolidation range, reaching its lowest point in nearly a decade.