Dollar Notches Its Longest Monthly Losing Streak Since 2020

A few days of gains for the US dollar this week wasn’t enough to reverse its broader declines as US trade and policy uncertainty weighs on sentiment.

A gauge of dollar strength fell about 0.6% in May, making it the longest monthly losing streak in five years. Investors also became increasingly bearish on the greenback as some turned their focus to a proposed US measure that would hit companies from countries deemed to have “discriminatory” tax policies.