The US dollar has hit a fresh six-month low amid growing concerns over global trade tensions. China’s decision to raise tariffs on all US goods to 125%, effective April 12, has further weakened the greenback. Despite this, tame inflation in March suggests that higher tariffs may not have a significant impact on US economic growth just yet. The drop comes as options traders turn bearish for the first time in five years, indicating a broader exodus from US assets.
Source: https://www.bloomberg.com/news/articles/2025-04-11/dollar-emerges-as-latest-victim-of-this-week-s-markets-mayhem