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On April 9, 2025 in Jakarta, Indonesia calculates bank dollar records on the change of money in the Yakort, Indonesia.
Willy Kranavan | Reuters
The US dollar continued its slide on Monday, declining to the lowest level since 2022, when global investors retreat from US assets in tensions between President Donald Trump and the Federal Reserve.
A ICE Dollar IndexMeasuring the green lapel from the foreign currency basket, decreased to 97.92 on Monday. This is the lowest level for the index since March 2022, Factset reports.
The index was the last decreased by 1% a day by 98.38.
The US dollar index reached the lowest level since Monday 2022.
The dollar fell sharply after President Donald Trump’s inauguration in January. It seemed that on April 2, global mutual tariffs were unfolding, causing one round of sale. Trap Criticism of the Federal Reserve Chairman Jerome Powell Last week, together with the White House Economic Advisor Kevin Hasset, said the president and his team are studying whether they could Remove the head of the Central BankIt seems that they exerted even more pressure on the green shell.
On Monday, Trump criticized Powell again, calling the Fed “Mr. too late” and “main loser” in a message on The truth is social.
“We see a clear signal out of the market that he does not even like the idea that the president may try to remove the Fed. In recent weeks, there has been a loss of confidence in US economic policy.Box for Squawk“
Andy Laperrier, US Piper Sandler policy policy, caused similar concerns about changing the Fed in a customer note on Monday.
“We look at the president what determination to turn Washington down. Investors who ignored Trump’s own words that announce higher tariffs were bad that they do. Similarly, it would be a mistake to deprive Trump’s own words and actions on these other issues,” Laperrier wrote.
The dollar is often regarded as a global reserve currency, and US assets have in general outperformed the rest of the world over the last decade, causing a demand for green return. However, US shares and bond markets fell during the tariffs between Trump’s administration and other foreign leaders, and appears to be pulling for their dollar.
On Monday, several currencies, which received the maximum return from the dollar during this period, moved above again. A Euro scored 1.3% against green circulation while Japanese yen and Swiss franc He also acquired the land.
– Michael Bloom in CNBC made a report.
