U.S. Dollar Sinks. Why the Greenback Isn’t a Safe Haven This Time.

U.S. Dollar Sinks. Why the Greenback Isn’t a Safe Haven This Time.

The marketplace rout caused by President Donald Trump’s tariff announcements is claiming different victim—the dollar. Often a safe-haven commercialized successful times of crisis, the greenback isn’t acting that mode this time.

The U.S. Dollar Index, which tracks the worth of the currency against a handbasket of large peers, was down 0.6% aboriginal connected Monday.

President Donald Trump’s tariffs were initially expected to boost the greenback, since the taxation connected imports should summation dollar demand. However, concerns astir a U.S. recession, accrued expectations of involvement cuts from the Federal Reserve, and vulnerability to overseas investors are hurting the currency.