Dollar Plummets, FTSE 100 Soars Amid Trade Tensions | JQJO

The US dollar plummeted to a three-year low, while the FTSE 100 hit a record high. Trump's renewed trade threats and a weakening US economy fueled this shift, prompting speculation of earlier Federal Reserve interest rate cuts. Investors moved away from the dollar, favoring the yen and euro. The FTSE 100's rise reflects investors seeking alternatives to US stocks amid concerns over US economic policies and weakening job growth. Trade tensions with India also contributed to market uncertainty, while a potential UK-US trade deal offered some positive news for the UK, though economic concerns limited the pound's rise.