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The US Dollar Index has recently weakened, with a quick correction of over 20 points in the short term, currently trading at the 96.9 level. Driven by the dollar's weakness, non-US currencies generally rebounded. Among them, the euro against the dollar performed remarkably, rising over 20 points to 1.1883 in the short term; the British pound against the dollar also rose 24 points, now at 1.369.
In comparison, the USD/JPY pair experienced greater volatility, once being pressured by nearly 140 points, with the lowest touching 153.16, then slightly rebounding to 153.75. Overall, this round of dollar correction has given a clear upward momentum to major currency pairs like EUR/USD, reflecting that market expectations of dollar weakness are gradually being confirmed.