The US dollar is one of the first and biggest “victims” of duties announced Wednesday by Donald Trump, bringing to mind the nightmares. Sell-off on US dollar is accelerating, dragging the dollar into new low six -month -old, After Trump’s “Release Day”.

In particular, the dollar retreats against competitive coins, reducing the dollar index, an important index of power or weakness of the “green currency” against a six -foreign coin basket, at its lowest level than October.

At noon on Thursday, 0.91 euros equals US $ 0.95 a month ago.

US dollar proved to be one of the greatest lostDaniela Hathorn, a senior market analyst at Capital.com, told the Guardian.

The point is that uncertainty remains high – even without being taken into account the good scenario that some of these new duties may be canceled or revised after a few days of negotiations. Rough estimates suggest that the financial impact could be even greater than the duties of the law SMUT-HOLEY of the 1930s – a set of commercial protective policies that increased taxes for imports and is widely believed to have exacerbated the great recession by causing worldwide retaliation and slowing international trade.

Analysts estimate that this is not just an attempt to balancing inequalities in trade – it seems more like the US is trying to become completely self -sufficient. The US is trying to produce and consume everything internally, instead of relying on world trade. At this level of duty, the US would basically be financially isolated, interrupting most of the trade relations with other countries. It is difficult to imagine that this is an improvement in the current situation.

The US dollar is hit by fears that Donald Trump’s trade war could lead America’s economy to recession, also stressed Ray Boyjia, a head market for investment in investment.