The dollar index has the biggest daily loss in its history after Trump fees

The immediate Bloomberg index of the US dollar has recorded its biggest decline, amid increasing concern that the comprehensive customs duties imposed by President Donald Trump could greatly harm the US economy. The index fell 2.1% on Thursday during its biggest daily decline since the launch in 2005. The dollar has dropped by more than 1% against all the Ten Major Group coins, scoring its biggest drop against the euro for almost a decade. Option contract data showed that investors became pessimistic over the dollar track for the first time since September. How does fees affect the dollar? “This system for customs are the credibility of the United States, and it will negatively affect US consumers and businesses if it continues for a long time,” says Leah Terop, director of the Governor and head of the customer team at Lordtt & Co, the weakness of the dollar comes in a time when traders try to judge in the coming months. The US interest expectations at the moment believe many investors believe that the slowdown in the US economy poses a greater threat than the return of inflation, which has strengthened the betting that the Federal Reserve tends to lower the US interest rate more than expected to support growth, which increases pressure on the US currency. “The federal effort to combat inflation without causing a sharp economic slowdown or high unemployment is becoming more difficult … and that’s bad news for the dollar,” said Elias Haddad, a Broches Harriman, in London.