US Dollar Extends Losses Amid Economic Concerns

The US dollar continued its downward trajectory on Thursday, hitting lows unseen since September 2024. This decline reflects growing investor anxiety over the US economy's strength relative to its global counterparts.

Soft CPI Report and Trump's Announcement Fuel Volatility

A softer Consumer Price Index (CPI) report has played a significant role in the dollar's slump. Adding to the market's unease, President Donald Trump's recent declaration of a 90-day pause aimed at curbing market volatility has left investors wary.

Current Exchange Rates Highlight Dollar's Struggle

By 11:07 am ET, the dollar had fallen by 1.96% to 0.8952. It also saw a 1.03% decrease against the British pound, trading at 0.7718, and a 2.09% drop against the Japanese yen, reaching 144.66. The dollar index similarly declined by 1.71% to 101.2330 points.