Dollar Index Falls Below 103, Hits 6-Month Low

The index may only find support after the Trump administration reveals some good news such as tax cuts or deregulation, according to ING Bank.

U.S. dollar bills in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch Times

The U.S. dollar index registered a large decline on April 3, following the Trump administration’s announcement of a new slate of global tariffs.

On Thursday, the index broke through the 103 level and hit a low of 101.26, which is the lowest in six months. As of 2:45 p.m. EDT, the index was at 102.06, down 1.55 percent for the day. Thursday’s fall follows the prior days’ decline in the index.