The dollar has lost 10% of its value

The U.S. dollar is an early casualty of President Donald Trump’s us-against-the-world trade war.
The dollar has lost almost 10 percent of its value since Inauguration Day, with more than half of that decline coming this month after the president’s decision to lift taxes on imported goods to their highest level since 1909.


The weaker dollar — now near a three-year low against the euro — is bad news for Americans traveling abroad and could also aggravate inflation by making foreign goods more expensive. U.S. exporters, however, should gain.

The drop is especially striking because countries that impose tariffs usually see their currency rise. But the wobbly rollout of Trump’s tariff plans — with the president and his aides contradicting themselves about key details — left investors doubting the administration’s competence.

Caption from article by David J. Lynch.