News

11 Apr 2025

Dollar crashes amid escalating trade war between China and the United States

The U.S. dollar fell further on Friday, reaching its lowest level in nearly two years, amid declining confidence in the American economy as the trade war between the world’s two largest economies escalated. China once again raised tariffs on U.S. goods.

At 11:20 AM Saudi time, the U.S. Dollar Index—which tracks the performance of the greenback against a basket of six other currencies—dropped by 1.2% to 99.430, falling below the 100 mark for the first time since July 2023.

Latest News

#News 25 Jul 2025
European Central Bank: Eurozone companies under pressure from Chinese competition

A survey conducted by the European Central Bank revealed that eurozone companies are facing a growin...

Read More
#News 25 Jul 2025
Euro slips from two-week high after ECB meeting

The euro fell against a basket of global currencies at the European market opening on Friday, extend...

Read More
#News 25 Jul 2025
Cryptocurrencies decline, Bitcoin falls by more than 3%

Cryptocurrencies fell during Friday trading amid anticipation of the US trade negotiations with its...

Read More
#News 25 Jul 2025
UK retail sales rise as weather boosts consumer spending

UK retail sales rose by 0.9% month-on-month in June, following a sharp 2.8% decline in May, with sup...

Read More
arrow
واتس آب