Dollar Hits Lowest Value in Three Years
The US dollar, considered the most powerful currency in the world and the most widely used in global transactions, has plummeted to its lowest level in three years. Ongoing trade tensions and newly imposed tariffs on several countries have destabilized global markets, leading to one of the steepest declines in the currency’s history since the COVID-19 era. According to the US Dollar Index (DXY) and American magazine Forbes, the value of the dollar reached its lowest point in three years on Friday, April 11. The dollar’s performance heavily influences the value of other currencies around the world.