U.S. dollar sliding fast, but pace can’t last

News Snapshot:

There are plenty of fundamental economic reasons to hold a long term negative view on the U.S. dollar, but the selling and bearish sentiment currently smothering the greenback may be overdone. The dollar has lost 5% of its value against a basket of major currencies since President Donald Trump’s tariff ‘Liberation Day’ on April 2, and has fallen 10% since mid-January, when it was its strongest in more than two years. The economic and policy uncertainty caused by Trump’s trade war and its chaotic implementation have dimmed the dollar’s allure, while Trump’s drive to rip up the world economic order...