Worries that long-term U.S. growth will fade could matter more for the currency than the mechanical impact of tariffs.
The dollar weakened as its safe haven status was missing on a day dominated by a flight to safety in global markets that prioritized bond buying.
The U.S. dollar index fell on Thursday as general risk aversion following President Donald Trump’s sweeping new reciprocal tariffs drove investors toward other safe- ...
The euro, hitting a six-month high, was last up 1.74% at $1.1037, and saw its biggest intraday advance since November 2022.
PIMCO has turned a "little bit more cautious" on the dollar in recent months and was a touch underweight the U.S. currency ...