US dollar falls to its lowest level in 4 years, hours after India & EU announce trade deal

The US dollar fell to its lowest level in four years as the Bloomberg Dollar Spot Index fell as much as 0.7% to its lowest level since March 2022. The greenback marked its fourth consecutive day of decline as US policy risks and a resurgent Japanese yen weighed against the currency. This comes hours after India-EU trade deal was announced.