Mighty U.S. dollar feels heat as Trump’s tariffs spark trade turmoil

News Snapshot:

In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The sudden loss of confidence was nowhere more stark than in the Treasury market, which saw the largest weekly increase in borrowing costs since 1982 as offshore funds fled. “The U.S., almost overnight, it seems to have lost its safe-haven attributes,” said Ray Attrill, head of FX strategy at National Australia Bank. “There is ... a loss of confidence to some extent ......