New York:The US dollar experienced a decline on Monday as oil prices dropped and stock markets showed an upward trend. This movement comes ahead of a significant week that includes US congressional midterm elections, a series of US labor market reports, and interest rate decisions by several central banks.

According to Saudi Press Agency, the dollar index, which tracks the performance of the US currency against a basket of other currencies such as the yen and the euro, decreased by 0.38% to 101.59. This marks its largest daily decline since October 15.

In related currency movements, the euro increased by 0.48% to $1.1212, and the British pound rose by 0.22% to $1.3424. Conversely, the US dollar saw a slight increase of 0.08% against the Japanese yen, reaching 157.66 yen.