The US dollar weakened further on Thursday as traders continued to fixate on US President Donald Trump's tariffs and their potential hit to global growth.
Stocks initially rallied following Trump's policy reversal, but financial institutions and market participants cautioned that despite the modifications, US tariffs would stay at peak levels not seen in over 100 years, potentially stifling expansion or pushing the economy toward recession.
The dollar declined 2.62% to 1.12393 against the euro at 2:36 pm ET. It also retreated by 3.97% against the Swiss franc, selling at 0.82342. Against the sterling pound, it slipped 1.31% to 1.29885. The currency fell 2.19% versus the Japanese yen to 144.5260.
