The euro has hit a 17-month low against the dollar, driven by fiscal instability in France and divergent monetary policies between the Federal Reserve and the European Central Bank.
The Trump administration is evaluating plans to promote dollar-pegged stablecoins globally through private partnerships to bolster the US dollar's international standing.
The British pound hit a one-month low against the dollar as Houthi attacks on Saudi infrastructure pushed Brent crude to $108 per barrel.
The US dollar index remains stagnant near 99 as markets weigh conflicting economic data, rising global interest rates, and a significant US budget deficit.
