US dollar drops due to Trump's tariffs, Euro strengthens, US indices fall

From Investing.com.: 2025-03-10 07:45:00

The US dollar took a hit last week, dropping over 3.5% and falling below 104.0, erasing gains since Trump’s election. The decline is attributed to Trump’s tariffs and a reassessment of US key rate expectations, with over 90% odds of two or more rate cuts this year. The euro strengthened against the dollar by 4.5% this week, partly due to a big EU defense spending plan. Higher inflation in Japan may lead to a rate hike. US indices fell along with the dollar, but the S&P500 and Nasdaq100 are finding support at key moving averages. The German DAX40 hit historical highs amid government stimulus plans.



Read more at Investing.com.: US Dollar And Indices Are on the Back Foot