The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day.

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

Whether the U.S. dollar will remain the world's reserve currency in the wake of President Donald Trump's trade war was a source of debate on Wednesday at the 2025 TIME100 Summit.