ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
USD falls to three-year low as unpredictable policies erode confidence
It is hard to believe, but for the first time since March 2022, the US dollar index (DXY) has plunged below 98 points. The once-mighty American currency has rarely faced such a string of setbacks.
At the start of this week, the dollar continued to slide against other major world currencies, with the DXY dipping below the 98 mark, a level not seen in over three years. At its lowest, the index touched 97.92. The DXY measures the dollar against a basket of six key US trading partners, namely, the euro, yen, pound sterling, Canadian dollar, Swedish krona, and the Swiss franc.
Donald Trump’s victory in the US presidential election initially sent the DXY soaring to a high of 110.18. However, his first actions in office quickly erased those gains. The dollar began to weaken, and the announcement of a trade war with much of the world only accelerated the decline.
Experts point to the unpredictability of Trump’s decisions as the main factor eroding investor confidence in the dollar as a safe haven. As a result, market participants are seeking alternatives. Gold and, to a lesser extent, Bitcoin have become favored safe-haven assets. The euro has also strengthened its appeal, benefiting from being freely convertible, unlike the yuan, and from Europe’s comparatively predictable leadership in the face of US tariff turbulence and China’s patient, tactical approach.
প্রকাশিত 28 April 2025
© InstaFintech Group
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© InstaFintech Group
