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The US Dollar Plunges Nearly 50 Points, While Non-US Currencies See Broad Gains

By: theblockbeats.news|2025/09/11 13:22:52

BlockBeats News, September 11th, the Dollar Index DXY's intraday decline expanded to nearly 50 points, now trading at 97.71.

Non-dollar currencies rose across the board, with the Euro against the Dollar EUR/USD surging over 60 points intraday, the Pound against the Dollar GBP/USD surging over 50 points intraday, and the Dollar against the Yen USD/JPY dropping over 60 points intraday. (FX678)

The U.S. saw a higher-than-expected Consumer Price Index increase in August, but it will not prevent the Federal Reserve from cutting interest rates next week.

During the week ending September 6, initial jobless claims in the United States reached 263,000, marking a new high since the week ending October 23, 2021.