Dollar Hits One-Month Low as G-7 Stirs Fresh FX Policy Watch

A gauge of the dollar touched its lowest mark in a month as traders awaited a Group-of-Seven meeting this week for any signs that the Trump administration is seeking a weaker US currency.

The Bloomberg Dollar Spot Index dropped as much as 0.6% on Wednesday to its softest intraday level since April, then pared losses late in New York trading. Options markets reflected the currency’s decline, with one-month sentiment turning the most bearish in five years, as concerns over the US budget deficit lingered.