The dollar is falling due to financial concerns

The US dollar index fell slightly on Thursday, reaching levels of about 99.5 points, marking the fourth consecutive daily decline, amid growing concerns in financial markets.

The decline comes as investors are concerned about the possible consequences of the proposed federal budget, which includes a plan of broad tax cuts that could raise the US public debt by 3 to 5 trillion dollars.

Division within the Republican Party reinforces fears

Despite the support of the US administration for the plan, some members of the Republican Party from Democratic states expressed reservations, stipulating an increase in tax deductions at the state and local government levels as a condition of their support for the project.

This split increases political uncertainty, which negatively affects investor confidence and puts pressure on the performance of the US currency.

Weak bond auction increases pressure

Market concerns were exacerbated after the auction of 20-year Treasury bonds showed weakening demand, raising questions about the ability of the US government to attract domestic and foreign debt investors.

This development reinforces fears of a decline in confidence in US assets, especially after Moody's decision to downgrade the US credit rating from