Data: The US Dollar Index has fallen below 99, currently reported at 98.6.

According to ChainCatcher news, monitored by Trader T, the US Dollar Index has fallen below 99, currently at 98.6, the lowest level since the Federal Reserve implemented its first interest rate hike since 2018 in March 2022. It has dropped 9% year-to-date, which means that any asset that rises less than 10% is actually depreciating in terms of purchasing power in dollars.

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