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💉 Dollar suffers RECORD LOSSES IN 20 YEARS amid Trump's new tariffs
The key Bloomberg #Dollar Spot Index (BBDXY), which tracks the performance of a basket of 10 global currencies against the US dollar, tumbled as much as 2.1% earlier this week, Bloomberg News reports.
This became BBDXY’s sharpest intraday decline since its launch in 2005.
Almost all 10 currencies tracked by Bloomberg strengthened against the dollar, and the #euro rallied as much as 2.7%.
The #greenback’s dive comes against the backdrop of President #Trump’s recently announced new trade tariffs, which experts warned could “drive investors away from the #US and cause the dollar to [further] depreciate.”
txt source @geopolitics_live
#FiatCurrency #PetroDollar #TradeWar #UStariffs
The key Bloomberg #Dollar Spot Index (BBDXY), which tracks the performance of a basket of 10 global currencies against the US dollar, tumbled as much as 2.1% earlier this week, Bloomberg News reports.
This became BBDXY’s sharpest intraday decline since its launch in 2005.
Almost all 10 currencies tracked by Bloomberg strengthened against the dollar, and the #euro rallied as much as 2.7%.
The #greenback’s dive comes against the backdrop of President #Trump’s recently announced new trade tariffs, which experts warned could “drive investors away from the #US and cause the dollar to [further] depreciate.”
txt source @geopolitics_live
#FiatCurrency #PetroDollar #TradeWar #UStariffs