Dollar losing trust among U.S. allies, sliding to 3-year low

Trump's policy undermines confidence in reserve currency

20250418N dollar graph composite REU

The dollar is at its weakest in three years against a basket of major currencies. © Reuters

YUTA SAITO

NEW YORK -- The dollar faces mounting selling pressure in the currency market as U.S. President Donald Trump's tariff war and his dislike of international cooperation sap confidence in the currency even among American allies.

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