The U.S. dollar fell 1.3% on Tuesday after President Trump praised the weaker currency during a visit to Iowa, causing it to drop to its lowest level since February 2022. The Dollar Index, which tracks the dollar against six trading partners, experienced the largest single-day decline since April 10, 2018, amid trade tensions and tariff threats.

Trump’s comments on the dollar’s value led to a 10% decline over the past year. The Dollar Index, which excludes China, saw its biggest single-day drop since April 2018. Trump’s remarks on the weaker dollar led to a 1.3% decrease, the largest since last April, affecting the stock market with the S&P 500 and Nasdaq Composite also sliding.

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1. Elon Musk’s SpaceX successfully launched 60 Starlink satellites into orbit on a Falcon 9 rocket, bringing the total number of satellites in the constellation to over 1,000.

2. The European Union has reached a deal to buy up to 1.8 billion doses of Pfizer-BioNTech’s COVID-19 vaccine, with an option for an additional 1.8 billion doses.

3. Amazon’s Prime Day, the company’s annual sales event, is set to take place on June 21 and 22 this year, offering discounts on a wide range of products for Prime members.: Dollar worst one-day rout since April. Trump says hasn’t fallen too low