USD hits 6-month low due to Trump's new tariffs
The US Dollar Index, which measures the currency's value against a basket of major currencies, dropped 2.29% to 101.4310 points.
Sonia Martin, Head of Monetary Policy and Currency Research at DZ Bank in Frankfurt, told Bloomberg, "The dollar was the biggest loser in yesterday's financial events."
This decline came after President Trump announced a 10% tariff on all US imports and higher duties on some of the country's largest trade partners.
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