Economists told Newsweek that the decline is due to a confluence of factors, and a broad downgrade in America's economic outlook.

The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.

Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains.

A troubling shift in the dollar’s trading relationship with U.S. stocks has eased somewhat over the past few weeks.

The U.S. dollar rose against major currencies including the euro and the Swiss franc on Thursday as currency markets largely shrugged off President Donald Trump's latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding.

Chinese nationals allegedly operated a marijuana ring using quiet homes as grow houses, withholding workers' passports until debts were paid, the DOJ says.

The U.S. dollar just tallied its worst start to a calendar year since the era of free-floating exchange rates began. The second half of 2025 likely won’t be much better.

NPR reported that Harvard University economics professor Kenneth Rogoff said the dollar hasn't weakened this much since then-President Richard Nixon canceled the convertibility of the dollar to gold in the 1970s.