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Dollar Heads for Worst Monthly Performance Since 2022 as Trade Tensions Persist

After a brief rally on Wednesday following President Trump’s more conciliatory tone on China and the Federal Reserve, the dollar resumed its decline on Thursday.

China clarified there had been no trade negotiations and called for the U.S. to remove tariffs, dampening investor optimism.

The dollar has dropped nearly 5% in April, with economists predicting further decline as non-U.S. investors reduce their American exposure.

Meanwhile, other currencies strengthened against the dollar, and Trump’s meme coin surged 33% after promotion of a gala dinner with the president.

Original Source: Reuters

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