US Dollar weakens further as tariffs and soft data sink sentiment
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of major currencies, is dropping significantly on Thursday, moving near the 102.00 zone during the North American session.
The Greenback continues to slide following US President Trump’s “Liberation Day” tariff announcement, triggering investor worries about a potential slowdown in economic activity. Technical indicators add to the pressure, with several key moving averages pointing to a further downside.
Source: Fxstreet