The US Dollar remains fragile, after having registered losses against its major rivals earlier this week. Although markets are pricing in a nearly 60% probability of the US Federal Reserve raising its policy rate by 25 basis points in May, the currency is having a hard time finding demand. 

So why are more investors deterring away from the US dollar? And which currencies are enjoying a weakening dollar? 

On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out more.