The dollar tumbled on concern its status as the world’s reserve currency is being eroded as the US-China trade war intensifies. Gold soared and the euro topped a three-year high. In a week that’s seen the biggest swings in decades erupt across stock and bond markets, currency moves took the spotlight on Friday.1
🇺🇸 DOLLAR DROPS HARD AS CHINA TRADE WAR HEATS UP
The U.S dollar just hit its lowest level against the euro since early 2022 — dropping nearly 2% to $1.1424 as trade tensions with China spiral.
It also slid 1% against the British pound, because apparently bad vibes travel fast.… https://t.co/X9RqYHaI5O pic.twitter.com/SErKPuwGz6
— Mario Nawfal (@MarioNawfal) April 11, 2025
The U.S dollar just hit its lowest level against the euro since early 2022 — dropping nearly 2% to $1.1424 as trade tensions with China spiral.
It also slid 1% against the British pound, because apparently bad vibes travel fast.
Looks like the dollar’s not winning any popularity contests this week.