This week, Fed Chair Janet Yellen said that inflation concerns will push the Federal Reserve to delay tightening its monetary policy.
In response, the US Dollar Index fell to $95.51, its second-lowest point this year, according to Business Insider.
Despite some mild peaks and valleys, the index has steadily fallen since late November 2016, when it was around $103.
Currencies generally weaken relative to peers on domestic monetary policy that's construed as accommodative. To the contrary, they rise when it's signaled that the money supply will be siphoned off.