The U.S. Dollar Index has fallen below the 100.00 mark, currently resting at 99.01. This decline is fueled by weak inflation data coupled with mixed labor market reports, raising bets on potential Fed rate cuts. Consequently, this shift positively impacts the outlook for GBP/USD and EUR/USD pairs. Traders should remain vigilant, as the Fed’s decisions can significantly influence market conditions across various asset classes. Understanding the factors behind the fluctuation can lead to informed trading strategies moving forward.