Dollar Nears Six-Week Low as Trade War Hits U.S. Economy

The U.S. dollar hovered near a six-week low on Tuesday as mounting evidence of economic damage from President Donald Trump’s ongoing trade war weighed heavily on market sentiment. Weak manufacturing data and concerns over increased tariffs have raised fears of a broader slowdown. Investors remain cautious, with many shifting away from U.S. assets amid rising fiscal pressures and uncertainty over trade policy.