The U.S. dollar index fell to around 100 on Friday, approaching its lowest level in three years as economic concerns and fading confidence in U.S. assets continued to weigh on the currency. Investors remain wary of the potential fallout from President Trump's tariff policies, which have raised fears of slower economic growth despite a 90-day reprieve meant to allow for trade negotiations. Trump's move to raise tariffs on Chinese imports to 145% has escalated the trade war with Beijing, further denting sentiment. Meanwhile, the European Union has paused the implementation of countermeasures for 90 days in a bid to pursue talks. Adding to pressure on the dollar, U.S. core CPI rose just 2.8% year-over-year — the slowest pace since March 2021 — reinforcing expectations of a dovish Federal Reserve. The greenback weakened broadly, with the steepest losses seen against the euro, Japanese yen and Swiss franc.
Source; Trading economi
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