US Dollar Weakens Further Amid Trade Concerns

The US dollar experienced a notable decline on Thursday, as traders remained focused on the implications of US President Donald Trump's tariffs and their potential impact on global economic growth.

Market Reactions to Policy Reversals

Initially, stocks saw a rally following a policy reversal by Trump. However, financial experts and market participants warned that despite these changes, US tariffs would remain at historically high levels, potentially hindering economic expansion or even leading to a recession.

Currency Performance Highlights

The dollar's value dropped by 2.62% against the euro, reaching 1.12393 by 2:36 pm ET. It also fell by 3.97% against the Swiss franc, trading at 0.82342. Additionally, the dollar slipped 1.31% against the sterling pound to 1.29885 and declined 2.19% versus the Japanese yen to 144.5260.