The US dollar fell to its lowest mark in over three years, influenced by Donald Trump's renewed trade threats and indicators of a weakening economy that suggest the Federal Reserve may cut interest rates sooner than anticipated. In contrast, the FTSE 100 index achieved a record closing high, driven by investor interest in alternatives to US stocks. Traders shifted towards the yen and euro, with the dollar losing significant value against these currencies since the year's start, reflecting broader concerns over the US economic outlook and labor market instability.
The dollar's rapid decline, spurred by President Trump's trade threats and economic weakening, has pushed it to a three-year low, signaling concerns over the US outlook.
The FTSE 100 soared to a record high, reflecting a shift in investor sentiment as they search for alternatives amid weaknesses in the US economy.
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