The dollar drops for the lowest price in 6 months and loses its luster as a safe haven

The dollar index resumed its decline after a short period of calm, amid the escalation of concerns about the expansion of the trade war, which weakened the demand for US assets. The US dollar dropped to the lowest level in six months and withdrew at all the ten -group coins, after the administration of US President Donald Trump imposed new restrictions on the export of ‘Invidia’ from chips to China, which increased the dislike of the risk. On the other hand, it strengthened the attraction of secure ports such as the Swiss Frank and Japanese yen, while the euro jumped about 1%. “All this vague and the increasing talk about additional customs duties that feed the idea of ​​reducing exposure to US assets – that is, selling the dollar,” says Rodrigo Cutrill, the main foreign currency strategy at the National Bank of Australia in Sydney. He added that “the euro and the Swiss franc represent the perfect choice for this trend, despite the increase in the trade war and the weakening of global growth.” Poor confidence in US assets, the Bloomberg Instant Blooming Index, fell by about 0.6% on Wednesday, after it scored its first increase in six days on Tuesday. The index has fallen by more than 3% since the beginning of April, and it has been on the way to register its biggest monthly loss since late 2022, amid anxiety over the escalation of the US economy in a recession caused by the trade war, and the attraction of the dollar as a safe haven. You can also love: the biggest winner. The Russian ruble exceeds gold and defeats the dollar and in another indication of the poor confidence in traditional US assets, the US Treasury tires recorded its worst sales wave last week due to the fear of reducing foreign parties to China to own them.