NEW YORK - The dollar experienced a decline on Friday, reflecting concerns about the slowing economy. The dollar index, which measures the strength of the US dollar against six major foreign currencies, dropped by 0.7%, marking its lowest level in over a month.

A recent weak jobs report has heightened expectations that the Federal Reserve may cut interest rates later this month. This potential rate cut could further reduce demand for the US dollar.

The dollar index has seen a nearly 10% decrease this year, reflecting broader economic trends.

The currency market is closely monitoring these developments as they unfold.

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