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Decline Continues in Dollar

Due to the fluctuations caused by the tariffs announced by US President Trump, the dollar continues to experience movement.

The dollar is under pressure as investors await whether the US President Donald Trump administration can make progress in trade agreements. Last week, due to concerns about the economic effects of new tariffs and uncertain implementations, investors turned to foreign markets, leading to a sharp decline in the dollar. The ongoing trade negotiations with countries like Japan and the escalating tensions with China are determining the direction of the markets.

DECLINE AGAINST EURO, YEN, AND SWISS FRANC

The Euro rose by 0.84% during the day, reaching 1.1376 dollars.

The dollar, declining by 0.71% against the Japanese yen, dropped to 142.22 level, hitting its lowest level since the end of September.

Against the Swiss Franc, the dollar decreased by 1%, reaching 0.815 level. Since the tariffs announced on April 2nd, this made the Swiss Franc the most gaining currency among G10 currencies. The British pound, after reaching a six-month peak at 1.3292 dollars, dropped to 1.3221 dollars.

After the Bank of Canada kept its policy rate stable, the Canadian dollar increased by 0.5% to 1.39 Canadian dollars against the US dollar.

The Australian dollar, on the other hand, gained by 0.35%, reaching 0.6365 dollars, and during the day, rose to 0.6391 dollars.

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