04/22/2025
Dollar falls sharply as trade war escalates
Int'l Correspondent | Published: 2025-04-10 08:19:41
The US dollar dropped against the euro and other main rivals on Wednesday as President Donald Trump's tariffs triggered strong retaliation from China, fuelling recession fears.
The dollar plunged 1.1% against the European single currency to $1.1083.
The greenback also dropped against the Swiss franc and the Japanese yen, seen as safe-haven currencies.
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