After Liberation Day, the U.S. Dollar Falls 1.4%
Donald Trump unleashed a series of reciprocal tariffs on April 2, 2025, terming it ‘Liberation Day’ escalating the trade wars. Global trade is now officially blown up as the free transfer of cross-border goods is no longer encouraged. Tariffs and reciprocal tariffs are the norm and the policies could most likely continue till 2028. However, the U.S. dollar lost its balance after Liberation Day as the DXY index slumped 1.4%, its biggest single-day fall in over two years.
Also Read: The 1 Cent Dream: Which Year Can Shiba Inu Reach $0.01?
The U.S. Dollar Dramatically Dips After Liberation Day
The U.S. dollar plummeted to the 102.36 level shedding nearly 1.4% in the day’s trade. It shed 1.45 points on Thursday’s opening bell and has reached January 2024 lows. The Liberation Day hype did nothing to help the U.S. dollar but only damaged its prospects. If the greenback does not hold on to its resistance levels, the risk of it falling below 101 remains high. The DXY index had reached a peak of 109.45 before Trump’s inauguration day but has now shed all its gains.
Also Read: De-dollarization Surges—This Major Economy Drops the U.S. Dollar
If the U.S. dollar falls to the 101 range, local currencies could strengthen and begin to corner the greenback. The move could cause a drastic shift in the forex markets leading to local currencies maintaining a favorable position. Even before Liberation Day, eight out of nine leading currencies outperformed the U.S. dollar in the forex markets. Read here to know which leading currencies beat the greenback in 2025.
Also Read: Will Binance List Pi Coin? Key Clues from the Latest Vote
Tit-for-tat tariffs could now move the markets in different directions as uncertainty prevails. Investors have been sending mixed reactions since January and Wall Street remains unhappy with the trade policies. The development could affect consumer spending as the burden of tariffs could be placed on their shoulders. A few more weeks need to pass to thoroughly decode the changes of Liberation Day and its upcoming effects on the U.S. dollar.
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After Liberation Day, the U.S. Dollar Falls 1.4%
Donald Trump unleashed a series of reciprocal tariffs on April 2, 2025, terming it ‘Liberation Day’ escalating the trade wars. Global trade is now officially blown up as the free transfer of cross-border goods is no longer encouraged. Tariffs and reciprocal tariffs are the norm and the policies could most likely continue till 2028. However, the U.S. dollar lost its balance after Liberation Day as the DXY index slumped 1.4%, its biggest single-day fall in over two years.
Also Read: The 1 Cent Dream: Which Year Can Shiba Inu Reach $0.01?
The U.S. Dollar Dramatically Dips After Liberation Day
The U.S. dollar plummeted to the 102.36 level shedding nearly 1.4% in the day’s trade. It shed 1.45 points on Thursday’s opening bell and has reached January 2024 lows. The Liberation Day hype did nothing to help the U.S. dollar but only damaged its prospects. If the greenback does not hold on to its resistance levels, the risk of it falling below 101 remains high. The DXY index had reached a peak of 109.45 before Trump’s inauguration day but has now shed all its gains.
Also Read: De-dollarization Surges—This Major Economy Drops the U.S. Dollar
If the U.S. dollar falls to the 101 range, local currencies could strengthen and begin to corner the greenback. The move could cause a drastic shift in the forex markets leading to local currencies maintaining a favorable position. Even before Liberation Day, eight out of nine leading currencies outperformed the U.S. dollar in the forex markets. Read here to know which leading currencies beat the greenback in 2025.
Also Read: Will Binance List Pi Coin? Key Clues from the Latest Vote
Tit-for-tat tariffs could now move the markets in different directions as uncertainty prevails. Investors have been sending mixed reactions since January and Wall Street remains unhappy with the trade policies. The development could affect consumer spending as the burden of tariffs could be placed on their shoulders. A few more weeks need to pass to thoroughly decode the changes of Liberation Day and its upcoming effects on the U.S. dollar.
Read More
BRICS May Get Boost as Deutsche Bank Warns of ‘Dollar Confidence Crisis’