According to CoinMeta, the US dollar is expected to experience six consecutive weeks of decline, mainly due to a cooling of expectations for interest rate hikes. The US Dollar Index DXY once fell to its lowest level since May, as unexpected weak retail sales data in the United States prompted traders to further reduce their expectations for interest rate hikes this year. Following the release of economic data, bond market traders retracted their bets that the Federal Reserve would raise borrowing costs in 2026, a tightening narrative that has been supporting the US dollar over the past few months. This decline means the US dollar is on track to record its sixth weekly loss in the past seven weeks. The unexpectedly weak labor market report released last Friday, combined with this week's modest inflation data, have contributed to the recent downward trend.