Dollar Index Hits Two-Week Low as Traders Take Profits

The WSJ Dollar Index fell 0.08% to 96.15 on June 16, posting its second consecutive decline and lowest close since June 4. The index—which tracks the greenback against 16 foreign currencies—has retreated 8.99 points from its 2022 peak of 105.14. The two-day pullback reflects positioning adjustments and profit-taking rather than a fundamental shift in Fed policy or growth expectations.