Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down
1. U.S. dollar weakens amid labor market concerns and potential global trade war. 2. Tariffs are causing unexpected economic stress, countering initial investor optimism. 3. Safe-haven currencies like yen and Swiss franc gain as investors seek security. 4. Market participants may hedge currency risks to mitigate financial impacts. 5. Overall currency volatility presents no immediate threat to the economy.