US dollar in decline, stock prices suffer 3% loss.
Major stock indices fell on Friday, with the US dollar now trading sharply lower after US President Donald Trump issued his latest trade threat, recommending a 50 percent tariff on European Union imports starting June 1.
He also considered imposing a 25 percent tariff on any Apple iPhones produced outside the US.
America's stocks fell by three percent in late afternoon trading in New York on Friday, while the three major US stock indexes declined but were far from their session lows.
European stocks closed lower.
The dollar index, which measures the greenback's value against a basket of currencies, fell by 0.83 percent to 99.08, while the euro rose by 0.74 percent to $1.1364.
The dollar fell by 1.07 percent against the Japanese yen, according to Reuters data.
During the week, the dollar fell by 1.5 percent, heading for its largest weekly decline since mid-April.
Edited translation from Al-Masry Al-Youm
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