The dollar hits a one-month low as G-7 meeting sparks new round of scrutiny on exchange rate policies.

The US Dollar Index fell to a one-month low as traders await the G-7 meeting this week to see if the Trump administration is seeking signs of a weaker dollar. The Bloomberg Dollar Spot Index dropped 0.4% on Wednesday, marking the third consecutive day of declines. The options market also reflects this shift, with sentiment on the US dollar turning to its most bearish level in five years for one-month contracts, as concerns about the US budget deficit continue to simmer.