The U.S. dollar fell sharply on Thursday, with the ICE U.S. Dollar Index down in its worst single-day drop since 2022, according to CNBC. The index briefly dipped below the 101 mark, putting it on track for its lowest close since September. The dollar has lost more than 7% of its value since President Donald Trump took office and over 2% since he revealed his full trade policy last week. Wall Street had expected Trump’s tariffs to strengthen the greenback, but foreign investors appear to be retreating from U.S. assets, pushing the dollar lower. Analysts say fears of a recession are compounding the dollar’s decline.
