Reported 1 day ago
The US dollar declined sharply on Thursday due to disappointing economic data and ongoing trade uncertainty, as a court temporarily halted aspects of the Trump administration's tariffs. A rise in jobless claims and a contraction in GDP contributed to investor jitters, leading to the dollar's drop against major currencies, especially the euro. Analysts suggest the trade policy's unpredictable nature is affecting market confidence and anticipate further decline for the dollar unless improvements in the economic outlook are realized.
Source: YAHOO