US Dollar struggles against key global currencies

In Monday’s Asian session, the U.S. dollar experienced a notable decline against several important currencies. It dropped to a more than three-year low of 1.3594 against the British pound and neared a three-week low of 0.8193 against the Swiss franc—down from Friday’s closing rates of 1.3538 and 0.8214. Similarly, the dollar slid near four-week lows when measured against the euro at 1.1419 and the Japanese yen at 142.23, compared to last week’s figures of 1.1365 and 142.57.

If this downward trend continues, the dollar is predicted to stabilize at around 1.37 against the pound, 0.80 against the franc, 1.16 against the euro, and roughly 139.00 against the yen.