According to CoinMeta, the US Dollar Index DXY once fell to its lowest level since May. Weak retail sales data in the United States prompted traders to reduce their expectations for interest rate hikes this year. Bond market traders have withdrawn their bets on the Federal Reserve raising borrowing costs in 2026. The US dollar is expected to see its sixth consecutive weekly decline over the past seven weeks. The weak labor market report released last Friday, coupled with moderate inflation data this week, contributed to the recent decline.