Fri Apr 11 04:24:11 UTC 2025: ## Dollar Plunges Amidst Global Market Uncertainty Following Trump’s Tariff U-Turn
**Tokyo, April 11, 2025** – The U.S. dollar experienced a significant decline on Friday, April 11, 2025, as waning confidence in the American economy led investors to flee U.S. assets in favor of safer alternatives like the Swiss franc, Japanese yen, euro, and gold. This shift follows President Donald Trump’s abrupt decision to temporarily pause increased tariffs on several trading partners, excluding China, where duties were instead raised to an effective 145%.
The dollar’s fall was dramatic, reaching a low of 0.81405 Swiss francs – its weakest since January 2015 – representing a 1.2% drop. Against the yen, it slumped to 142.88, the lowest since September 30th. The euro surged to $1.13855, a level unseen since February 2022. The dollar index, measuring the greenback against several major currencies, fell below 100 for the first time since July 2023. Gold hit a record high of $3,219.23 per ounce.
The market reaction to President Trump’s tariff pause, initially met with a relief rally, quickly reversed. Analysts attribute the sell-off to concerns about increased systemic risk and capital flight from the U.S. While Treasury Secretary Scott Bessent claimed the tariff pullback was a strategic move, President Trump later acknowledged that the near-panic in markets influenced his decision.
The inconsistent tariff policies of the Trump administration have generated significant uncertainty, making it difficult for businesses to predict market conditions. This uncertainty has been cited as a major driver behind the current market volatility. The 10-year Treasury yield also saw its biggest weekly jump since 2001. Experts predict continued downward pressure on the dollar, with some anticipating further drops in the near future. The Chinese Yuan, after initially tumbling to an all-time low, recovered sharply in the days following the tariff announcement.
First Piper 