London, September 4, 2025 (WAL) – The US dollar experienced a notable decline today, Thursday, amid a week marked by sharp volatility in financial markets, driven by weak US labor market data and ongoing tension in the bond market, which strengthened investors’ expectations of a possible interest rate cut this month.

The Dollar Index, which measures the performance of the US currency against a basket of six major currencies, fell to 98.178 after dropping 0.17% during Wednesday’s session.

The euro held onto gains made during the previous trading session, reaching 1.1658 US dollars in the latest transactions.

The British pound stabilized at 1.3442 dollars during early Asian trading, while the Japanese yen stood at 148.12 against the dollar, after slight gains in the previous session.

In other currency markets, the Australian dollar remained steady at 0.6545 US dollars, while the New Zealand dollar reached 0.5881 US dollars in the latest trades.

Investors are currently focused on additional economic data that may reinforce speculation about the US Federal Reserve’s policy direction, amid widespread anticipation of upcoming monetary policy decisions.