US dollar plunges 2% as major currencies gain ground - Breaking The News

US dollar plunges 2% as major currencies gain ground

10 April

1 min read

EPA-EFE/TOLGA AKMEN

The US dollar extended its losses on Thursday amid growing concerns about the US economy's resilience compared to global peers. The greenback's decline has reached lows not seen since September 2024.

The drop comes as investors process a softer Consumer Price Index (CPI) report. Additionally, it follows a recent announcement by President Donald Trump, who declared a 90-day pause aimed at reducing market volatility amid heightened uncertainty in US equity, currency, and bond markets.

At 11:07 am ET, the dollar fell by 1.96%, trading at 0.8952. It also retreated by 1.03% against the British pound, selling at 0.7718. Compared to the Japanese yen, the dollar dropped by 2.09% to 144.66. The dollar index was 1.71% lower at 101.2330 points simultaneously.

dollar euro pound

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