Dollar Drops by Most on Record as Traders Brace for More Pain
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A Bloomberg gauge of the dollar dropped the most on record as fears grew that President Donald Trump’s sweeping trade tariffs would batter the US economy.
The Bloomberg Dollar Spot Index tumbled as much as 2.1% on Thursday, the measure’s sharpest intraday decline since its launch in 2005. Investors are bearish on the dollar in the coming month for the first time since September, options data show.