US Dollar's Significant Drop Reflects Growing Economic Worries

The US dollar continued its downward trajectory on Thursday, hitting lows not seen since September 2024. This decline is attributed to increasing concerns over the US economy's stability in comparison to its global counterparts.

Soft CPI Report and Trump's Announcement Add to Volatility

Investors are reacting to a softer Consumer Price Index (CPI) report and a recent 90-day pause announced by President Donald Trump, aimed at reducing market volatility during these uncertain times.

Current Exchange Rates Show Dollar's Weakness

As of 11:07 am ET, the dollar experienced a 1.96% drop, trading at 0.8952. It also saw a 1.03% decrease against the British pound, settling at 0.7718, and a 2.09% fall against the Japanese yen, reaching 144.66. The dollar index was down by 1.71% at 101.2330 points.