Dollar Falls and Gold Soars to a Record as US-China Trade War Escalates

Written on 04/16/2025
Rich Asplund

The dollar index (DXY00 ) today is down by -0.70%. The dollar is under pressure today as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from selling its H20 chips to China. The US tariff turmoil diminishes the dollar's reserve-currency status...US dollar background by Iluhanos via iStock