NEW YORK (AP) — A significant sell-off in the U.S. dollar has raised concerns about a potential loss of investor confidence in the U.S. under President Donald Trump. While currencies fluctuate due to various factors, economists worry that the recent drop reflects something more ominous as Trump reshapes global trade policies. The dollar’s dominance in cross-border trade and as a safe haven has been maintained for decades, helping keep U.S. borrowing costs low and allowing Washington to project power abroad. However, since mid-January, the dollar has fallen 9% against a basket of currencies, reaching its lowest level in three years. Many investors fear a slow decline in the dollar’s status, which could lead to higher borrowing costs and reduced economic benefits for the U.S.
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