The dollar is falling due to concerns about the US economic outlook

The dollar fell to its lowest level in more than 3 months, almost 17 weeks due to growing concerns about the US economic outlook.

The argument in favor of a stronger dollar depends on the US economy continuing to outperform its peers, but economic data is declining and the Trump administration is imposing tariffs on its closest neighbors.

Currency movements were volatile as investors worried about the impact of escalating global trade tensions on the global economy.

Trump also said in his speech to Congress that more tariffs will follow on the second of April, including reciprocal tariffs and non-tariff measures aimed at balancing years of trade imbalance.

Investors sold the dollar in a reversal of the so-called Trump deals that first gained momentum late last year, as they became increasingly worried about the growth prospects of the world's largest economy, which is already showing signs of slowing down.