Media: After Trump's decision, the dollar began to fall significantly

The American currency is experiencing its largest decline in the last 2.5 years against the backdrop of the introduction of large-scale trade tariffs on imports from the European Union. US President Donald Trump's decision has triggered active selling of the dollar in global markets.

According to Bloomberg, the Bloomberg Dollar Spot Index (BBDXY) fell by 1.5% on Thursday, weakening against all currencies of the ten leading economies. In particular, the dollar lost about 2% against the Japanese yen and Swiss franc, as well as more than 1% against the euro and British pound. Against the Canadian dollar, the exchange rate fell to its lowest value since mid-December.

"The dollar has been the main victim of recent events. Currently, the main focus is on the possible economic consequences of the imposed tariffs for the American economy itself," said Sonja Marten, head of currency and monetary policy research at DZ Bank AB.

The day before, on April 2, Trump announced the introduction of 20% tariffs on goods from the EU and 34% on products from China and several other countries. According to Chinese economist Andrew Leung, the president is seeking to return production to the US and restore the country's economic dominance.

Earlier, American economist Barry Eichengreen warned that Trump's sanctions policy could undermine the dollar's position. According to him, in a short period, the president has significantly worsened international relations, which could threaten the status of the American currency as a world reserve currency.