US Dollar Falls to Lowest Level Since April 2022

The US dollar fell sharply on Thursday, with the Dollar Index declining by 0.6% to 97.86 points, its lowest level since April 2022.

The drop signals mounting pressure on the American currency amid escalating geopolitical tensions and growing global trade concerns, according to Al Arabiya.

The decline occurred during a broad market retreat from risk assets, with the dollar hitting its lowest point so far in 2025, alongside a downturn in major US stock indices from recent record highs.

Investors, unsettled by rising instability in the Middle East and renewed uncertainty in U.S.-China trade relations, shifted their capital toward safe-haven assets such as gold and government bonds.

The dollar’s slide deepened following remarks by US President Donald Trump, who told reporters he plans to send notices to trade partners outlining new tariff rates within the next two weeks. This comes as the 90-day temporary pause on reciprocal tariffs nears its expiration next month.