From Yahoo Finance: 2025-04-10 21:37:00

The dollar slid against major currencies due to tariff tensions, hitting a decade low against the Swiss franc and a three-year low versus the euro. China raised tariffs on U.S. imports to 125% in retaliation. U.S. consumer sentiment deteriorated, and inflation expectations surged amid trade tensions. Stocks fluctuated amid global trade war uncertainty.

Gold prices soared to over $3,200 an ounce as the dollar weakened. European Central Bank President Christine Lagarde stated readiness to maintain financial stability. The euro surged 1.25% to $1.134050, the pound rose against the dollar. The dollar index fell to 99.958, its lowest since April 2022. China’s yuan dropped sharply against the euro.

Dollar weakness due to recession fears and loss of confidence in U.S. policy-making. Swiss franc and yen emerging as safe-haven assets. Euro at 11-year high against offshore yuan. Dollar hit record lows against yuan this week. Dollar index down to 99.958, biggest weekly drop since early last month.

Read more: Dollar slides with investor confidence shaken in safety of US assets