Dollar has its worst day since Apr.
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The greenback has slumped as investors "Sell America." Several factors explain why the dollar is shedding value.
The U.S. dollar has fallen nearly 11% in 12 months, hitting its lowest level since 2022. Here's how that translates to higher prices, more expensive loans, and what you can do about it.
As the dollar fell, the consumer price index rose over the first year of Trump's second term, with a basket of goods costing 2.7% more by the end of 2025.
The dollar remained on shaky ground, as uncertainty over U.S. economic policies and geopolitical moves was only partially offset by supportive comments from the White House and European officials.
The latest de-dollarization movement started in 2022 when the U.S. imposed all-encompassing sanctions against Russia following Russia's invasion of neighboring Ukraine. Various world leaders took umbrage at the idea that the U.S. could freeze their funds due to any sort of diplomatic or military dispute.
Traders are also keeping an eye on the Federal Reserve's latest meeting, hoping for some guidance on its plans for interest rates.
The U.S. dollar fell to its lowest level in four years on Tuesday despite President Donald Trump claiming it was “doing great” in a speech in Iowa.