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Tariff Angst Hammers the Dollar and Boosts Gold to a Record High

Foreign Exchange & Fixed Income

Rich Asplund

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April 16, 2025

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Barchart

The dollar index (DXY00 ) Wednesday fell by -0.92%. The dollar was under pressure Wednesday as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from selling its H20 chips to China. The US tariff turmoil diminishes the dollar’s reserve-currency status and...

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