The Financial Post reports in its Thursday edition that the U.S. dollar gauge dropped to a monthly low as traders anticipate the upcoming Group of Seven meeting for indications of a weaker currency from the Trump administration. A Bloomberg dispatch to the Post reports that the Dollar Spot Index fell 0.4 per cent on Wednesday, marking its third decline in a row, with options markets becoming the most bearish in five years due to concerns over the U.S. budget deficit. Losses increased after South Korea's Finance Ministry stated foreign-exchange discussions with the U.S. are continuing, while Japan's Finance Minister expressed a desire for currency talks with his U.S. counterpart this week. Washington is unlikely to aggressively pursue a weak dollar, but the greenback will end up declining as the nation reaches agreements with its trading partners to lower tariffs. Investor worries that FX may "creep into the bilateral talks" at the G7 summit are helping drive the dollar lower alongside persistent focus on U.S. fiscal policy, said Shaun Osborne at Scotiabank. "The 'sell America' look to markets this morning is somewhat reminiscent of the price action in April, when the dollar was under intense pressure," he added.