"The U.S. dollar fell to its lowest level since 2023, affected by new tariff threats from President Donald Trump and the growing risk of an increase in the fiscal deficit, factors that have diminished the appeal of the currency."
"The Bloomberg Dollar Spot Index fell by up to 0.7% on Friday, extending a decline of more than 7% since the beginning of the year. The currency has dropped for the fourth consecutive day in five days following new warnings from Trump about potential tariffs aimed at the European Union and Apple Inc., adding to investors' concerns regarding the impact of his trade policy on the world's largest economy."
"A significant increase in tariffs on U.S. imports from the EU once again brings to the forefront the risks of recession in the U.S. along with greater political and economic uncertainty," said Aroop Chatterjee, a strategist at Wells Fargo in New York