Why is the DXY US Dollar Index declining despite hawkish Fed expectations?

Why is the DXY US Dollar Index declining despite hawkish Fed expectations?

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its losing streak for the third consecutive day and is trading around 101.20 during the European hours on Monday. The US Dollar remains subdued on easing safe-haven demand following reports that Washington and Tehran have agreed […]