FILE PHOTO: An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
VALUATIONS
The dollar's latest drop comes as U.S. President Donald Trump accused the European Union of devaluing the euro zone's single currency. He also renewed his attacks on the Fed and its monetary policy
That has raised concerns that the trade tensions between the United States and the rest of the world will only intensify.
"The comments about the euro support our view that it’s not just about China," Brown Brothers Harriman strategists said. "Come November, auto tariffs will come back into focus with the EU and Japan on the front lines."
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