The US Dollar experienced a turbulent week in early March, marking its worst performance since November with a 3.4% drop in the US Dollar Index. Forex experts highlight a decline in US exceptionalism and rising concerns over stagflation, exacerbated by President Trump's trade policies. Confidence in the dollar's status as a safe haven is waning, driving investors towards alternatives like gold and the Swiss franc. Predictions indicate that if trends hold, the Euro and Pound may reach respective highs against the Dollar.
Harry Mill, Director at Oku Markets said, "The U.S. exceptionalism theme that helped the Dollar's 9% rally into 2025 is fading with recent disappointing economic data. This week's inflation data are key, with the Fed increasingly concerned over stagflation as economic activity pulls back whilst inflation persists. Tag-on President Trump's chaotic trade policies and markets are losing confidence in the US economy's resilience and in the Dollar as a safe-haven, favouring gold, the Swiss franc, and Japanese yen instead."},{
Collection
[
|
...
]