US President Donald Trump’s trade war is taking a toll on the US dollar, which has lost almost 10% of its value since his inauguration. The currency’s decline accelerated in the past month, with over half of that loss happening this month. Investors are shifting their focus away from US dollars and Treasuries due to concerns about the trade war.
Source: https://www.washingtonpost.com/business/2025/04/15/dollar-investors-treasuries-safety