On April 3 local time, the US dollar hit its biggest single-day decline since November 2022. Reuters' latest analysis said that investors fled the US dollar when the U.S. stock market plummeted due to tariffs this week, indicating that the dollar's global status may be declining. The dollar has been a safe haven currency for decades, but fell 1.7% on April 3, marking its biggest single-day decline since November 2022.

Reuters screenshot.

Analysis points out that the US government's protectionist policies, the subversion of the global economic order since World War II, and the increasing debt burden are all weakening the attractiveness of the US dollar. If left uncontrolled, the dollar confidence crisis could also weaken its position as the world's reserve currency.

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