Ailing dollar shows some sign of restoring safe-haven status
Digest more
Top News
Overview
Impacts
Gold, dollar and Middle East tensions
Digest more
President Trump did warn of a possible strike, but the press reports made it seem as if a strike was not imminent. The dollar is stronger against all the G10 currencies and most emerging market currencies;
The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world's biggest economy.
A closely watched gauge of the U.S. dollar’s value has tumbled to its weakest level in three years on Thursday, having taken out the previous 2025 low reached in April.
Explore more
The U.S. dollar slumped to its lowest level since 2022 on Thursday, putting the greenback on track to have its worst start to a year in decades.
The dollar slumped on Thursday, as weaker-than-expected U.S. inflation data for May suggested that the Federal Reserve could resume cutting interest rates sooner rather than later, while the safe-haven yen and Swiss franc benefited from rising Mideast tension.
21hon MSN
The dollar sank to its weakest level in years, losing ground against the euro, Japanese yen and other currencies. The WSJ Dollar Index traded as low as 94.48, the lowest intraday level since July 2023,
Deutsche Bank's George Saravelos has been banging the drum about how the geopolitical realignment being pushed by the Trump administration could help to undermine the value of the U.S. dollar. In other words,
The dollar is trading at a three-year low, but options traders are betting the frenzied selloff in the world’s reserve currency will peter out over the next few weeks.