US Dollar Hits Three-Month Low on Risk to Growth From Tariffs
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The dollar dropped the most since US President Donald Trump took office this year as concerns about the negative impact of US tariffs on the economy weigh on the greenback, with losses particularly stark against the euro.
The Bloomberg Dollar Spot Index fell 1% on Wednesday to its weakest level since November. That was the biggest drop for the index since Jan. 20, Inauguration Day. The euro was among the best performers against the greenback as Germany unveiled plans to boost defense and infrastructure investments, rising close to $1.08, a level last seen in November.