Dollar Index Extends Losses as Bears Test Two-Month Lows Below 99.40

The US Dollar Index extended its decline for a third consecutive day on Monday. Selling pressure pushed the gauge below 99.40, marking the weakest area in about two months during European hours.

Bears remain in control near the two-month low, with the index testing support at levels just under 99.40. The move continues the recent downward trend in the dollar.

Traders are watching whether the DXY can hold these lows or if further downside momentum develops.