U.S. Dollar Plummets to Historic Low amid Tariff Concerns

The U.S. dollar has suffered significant depreciation, reaching its lowest point in over a year due to escalating trade tensions and growing concerns over the country’s ballooning deficit. As per Odaily, the Bloomberg Dollar Spot Index experienced a notable 0.7% drop on Friday, marking a critical low point since December 2023. This decline continues an already substantial 7% drop witnessed throughout the year so far.