Dollar Falls to Lowest Since 2023 as Investors Eye Trade Risks

The US dollar slumped to its lowest level since 2023 as new tariff threats from President Donald Trump and the risk of a widening fiscal deficit drag on the currency’s appeal.

The Bloomberg Dollar Spot Index fell as much as 0.8% on Friday, extending a more-than-7% decline since the beginning of the year. The dollar is down for a fourth day in five after Trump’s latest threats of tariffs — on the European Union and Apple Inc. — added to investor concern about the impact of his trade policies on the world’s top economy.