The dollar has fallen to its lowest level in three years due to growing concerns over U.S. tariffs and deteriorating economic prospects. The Bloomberg Dollar Spot Index dropped by 0.8% on Thursday, reaching its lowest point since April 2022. The euro rose to its highest level since 2021, while the British pound hit a three-year high. All Group of 10 currencies gained ground against the dollar. Inflation data has reinforced expectations of potential interest rate cuts, further pressuring the dollar’s value.
— new from Bloomberg.com
