The U.S. dollar weakened sharply on Friday amid escalating tariff tensions and investor concerns over U.S. economic policy.

China’s tariff hike on U.S. goods intensified a global selloff, sending the dollar to a decade-low against the Swiss franc and a three-year low against the euro.

Investor confidence in the dollar as a safe haven faded, with gold hitting a record high above $3,200.

The euro and yen surged, while U.S. consumer sentiment dropped and inflation expectations rose, Reuters has reported.

Analysts say the dollar’s decline reflects broader doubts about U.S. policy credibility under the Trump administration.

Written by B.C. Begley