Internet reported that the dollar fell due to continued concerns that Trump's tariffs would affect the U.S. economy. "Questions have been raised about U.S. exceptionalism and the credibility of the dollar as a reserve currency," Jeffery economist Mohit Kumar said in a report. He said that in the medium term, tariffs could reduce U.S. reliability and investors will look for other destinations. He said that the era of a strong dollar has peaked and the dollar may weaken further. Gold prices may benefit as central banks seek to reduce their dependence on the U.S. dollar.