4/3/2025, 9:47:03 pm

US dollar hits three-month low after US inflation

The U.S. dollar fell to a three-month low as concerns about slowing growth and the impact of tariffs on the U.S. economy outweighed potential boosts from new levies on Canada, Mexico, and China. Retaliatory tariffs from these countries and weak U.S. economic data further weighed on the currency, while safe-haven currencies like the yen and Swiss franc rose.