[The U.S. Dollar Index Likely to Decline for Six Consecutive Weeks, Cooling Rate Hike Expectations as the Main Cause] BlockBeats News, August 14 — The U.S. Dollar Index (DXY) briefly fell to its lowest level since May due to unexpectedly weak U.S. retail sales data, prompting traders to further scale back expectations for rate hikes this year. Following the release of this economic data, bond market traders withdrew bets that the Federal Reserve would raise borrowing costs in 2026. This tightening narrative has been supporting the dollar in recent months. The recent decline positions the dollar to record its sixth weekly drop in the past seven weeks. Last Friday's unexpectedly weak labor market report, coupled with this week's moderate inflation data, jointly contributed to the recent downward trend. (Jin10)