The US dollar weakened against several major international currencies during late trading on Thursday, October 29, 2026, as the dollar index recorded a slight decline.
According to market data reported by Xinhua, the dollar index, which measures the performance of the US currency against six major global currencies, fell by 0.17 per cent to 102.037 at 3 p.m. New York time, equivalent to 1900 GMT.
The euro gained against the dollar, rising to 1.1162 dollars from 1.1150 dollars recorded during the previous trading session. The increase reflected a modest improvement in the European currency’s performance against the US dollar.
The British pound also strengthened, climbing to 1.3361 dollars from its previous session’s level of 1.3316 dollars. Both the euro and the pound therefore recorded gains as the dollar lost ground
The Japanese yen was another major currency monitored during the session. However, the available market report was incomplete before giving the full exchange-rate details for the yen.
The dollar index is closely followed by financial markets because it provides an indication of the US currency’s strength against a basket of major international currencies. A decline generally means that the dollar has weakened relative to those currencies.
The latest movement was relatively modest, with the index losing less than one percentage point. Nevertheless, changes in major currency exchange rates remain important to investors, businesses and financial institutions involved in international trade.
The dollar’s late-session decline highlights the changing movements in the global foreign exchange market, where currencies regularly rise and fall against one another as traders respond to economic developments and market conditions.
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