Dollar Plunges to Three-Year Low Amid Trade Tensions

The US Dollar Index has hit a three-year low, falling to 98.23 amid escalating global trade tensions initiated by President Trump.

This decline represents an acceleration of the downward trend that has characterized the dollar's performance throughout the year.

Gold prices have surged to an all-time high of $3,380 per ounce, gaining 29% in dollar terms this year, while Bitcoin climbed above $87,000 and hit a four-week high of $87,550.

Currency analysts suggest that the current dip may have more severe implications than previous declines.