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.
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