Against a basket of six major currencies, the United States dollar index fell to its weakest since mid-March. Before settling in neutral territory at 97.82, it had been at its most vulnerable since mid-March, at 97.44. Following a peak hit in March, the index has fallen by about 5%. This was the period when the panic over the COVID-19 pandemic gripped the world’s financial markets. Thus, this prompted investors to scramble for the safety of the dollar.