Investors are selling the dollar because expectations are growing that the Federal Reserve will slow down the pace of interest rate hikes.   The Bloomberg spot dollar index tumbled to its lowest level in nearly nine months on Monday as weakening U.S. inflation expectations prompted funds to abandon their main safe-haven asset. All the world's major currencies rose against the US dollar, with the Australian dollar and yuan rising to key levels.   The dollar's fortunes have changed dramatically in recent months as funds from JPMorgan Asset Management to Goldman Sachs Group Inc. predict that the Fed will soon contain the pace of tightening. Traders now expect the Fed funds rate to peak at 4.94%. They expected it to be above 5% at the beginning of this month. The dollar's slide comes as data from the Commodity Futures Trading Commission shows leveraged funds have reduced short yen positions to their lowest level since February 2021. They also reduced their bearish bets on the Australian dollar by switching to net long positions on the New Zealand dollar. #US Index