Trump's tariffs suppress economic outlook, and the dollar falls to a three-month low
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Due to concerns about the negative impact of U.S. tariffs on the economy, the dollar fell to a three-month low, with a significant decline against the euro. The Bloomberg Dollar Spot Index dropped by as much as 0.6%, and the euro rose to 1.07 against the dollar, reaching a new high since November of last year. The market expects the Federal Reserve to cut interest rates by 71 basis points, which may cause the dollar to lose its safe-haven status. Germany plans to increase defense and infrastructure investments, leading to a rise in the euro and pressure on the dollar
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