US Dollar Can’t Shake Risks
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President Donald Trump’s relaxed tone about the dollar selloff is fueling speculation the US currency is at the start of a longer-term decline. The dollar suffered its deepest one-day drop since last year’s tariff rollout on Tuesday. Ruth Carson has more. bloom.bg/45CTVkJ | Bloomberg
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The dollar extended its slide, staging the biggest one-day drop since April, after President Trump said he didn’t think the currency had weakened excessively. “No, I think it’s great,” Trump told reporters in Iowa when asked if he was worried about a decline that’s dragged the dollar to its weakest level in nearly four years bloom.bg/4bnSQku | Bloomberg
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