US Dollar Falls to 101 Level, Bleeds 6.4% YTD
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The US dollar failed to maintain momentum from the 90-day tariffs pause announced by President Donald Trump. The DXY index, which tracks the performance of the greenback, shows the currency falling to the 101.50 level on Thursday’s opening bell. It dipped 1.38 points in the day trade, shedding 1.34% of its value minutes after the markets opened. The currency has crossed the psychological factor by going below the 102 mark, signaling that it has entered weaker territory. It is now down to its January 2024 lows, having shed most of its value in the last 15 months. The USD is now down by a massive 6.4% YTD and has been at its lowest since Trump entered the White House.
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