Dollar Index Expected to Keep Falling Amid Trade Tensions -- Market Talk
Dow Jones
Jun 03, 2025
1343 ET - Tariffs and recession fears weigh down on the dollar. The ICE DXY dollar index closed May down 8.4% for the year, its worst performance for the first five months of any year on record, according to Dow Jones Market Data. It keeps falling today, amid rising trade tension between the U.S. and China. "The greenback is feeling the impact of this breakdown," Spartan's Peter Cardillo writes. He thinks the weakening can continue "as the trade war intensifies and recession fears continue to mount." The dollar weakens against most major currencies, including 0.6% against the yen and the euro, and 0.7% versus the Swiss Franc. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
June 02, 2025 13:44 ET (17:44 GMT)
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