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International Business Times

Business

Trump's Trade Whiplash Sends Dollar Into Tailspin

Donald Trump United States Patrick OHare George Saravelos

It has been a sharp reversal of fortune for the greenback, which had soared in the wake of Trump's November election victory (Credit: AFP)

The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn.

The US currency fell by another two percent on Friday to hit a three-year low against the euro to $1.14, before paring back some losses.

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