Dollar Retreats on Profit-Taking, Not Policy Shift

The WSJ Dollar Index fell 0.08% to 96.15 on June 16, marking its second consecutive decline and weakest close since June 4. The index tracks the dollar against 16 major currencies and has lost 8.99 points from its 2022 peak of 105.14. This pullback reflects traders locking in gains rather than any fundamental change in Fed outlook or economic growth prospects.