U.S. Dollar Declines Amid Geopolitical Tensions and Renewed 'Sell America' Trade

The U.S. dollar fell to its lowest level in a week amid renewed geopolitical tensions, including White House threats toward the European Union over Greenland and tariff warnings against European allies. This triggered a broad selloff in U.S. stocks, Treasury bonds, and the dollar, reviving the 'Sell America' trade. Investors expressed concerns about prolonged uncertainty, strained alliances, and potential retaliation. The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting.