The Latest Breaking News from US Dollar

Growth forecasts for most advanced countries have been cut, as IMF warns that trade tensions will hurt economic activity

Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.

Investors are also piling into buying the Swiss franc and the yen while the US dollar has slumped amid the US president’s trade chaos

The euro surged to a three-year high against the US dollar amid tariff-driven market volatility, as investors offloaded US assets and sought safety in haven currencies. Despite renewed sell-offs on Wall Street, European stock markets are poised to open higher.

So far this year, the US dollar index, which tracks the greenback against a basket of other global currencies, has tumbled 4.7%.

The euro surged to a nearly five-month high against the US dollar following Trump’s tariff announcement. The greenback weakened against most other currencies as US government bond yields slumped on a deteriorating economic outlook. Meanwhile, the reciprocal tariffs rattled global markets.

Shark Tank star Kevin O'Leary recently wrote an op-ed explaining how he plans to invest in a new global digital payment system founded on a US stablecoin.

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs warn US recession more likely

The copper price surged toward an all-time high on concerns of potential Trump tariffs, alongside China’s stimulus measures. A weak US dollar may have also added to its rally.