British News Agency

According to CCTV, the U.S. dollar index continued its decline on Tuesday, recording a sharp drop in recent days as investors sold the dollar due to various expectations, and fell to its lowest level in four years.

The dollar index, which measures the value of the dollar against six major currencies, closed down 0.84 percent on Tuesday at 96.219.

It later fell to as low as 95.55, marking its lowest level since mid-February 2022.

The euro, which carries the highest weight in the dollar index, rose above the 1.20 threshold against the dollar for the first time since 2021.

Karl Schamotta, chief market strategist at Cambridge Global Payments, said that economic policy uncertainty has risen again due to ongoing U.S. tariff policies and the possibility of a U.S. government shutdown, which has weighed on the dollar index.