Institution: Tariff turmoil drags US dollar to 12 week low, market takes time to digest developments

According to BlockBeats, on March 4th, Monex Europe analysts reported that the US dollar expanded its decline on Tuesday, hitting a 12 week low as concerns about weakened US economic growth prospects put pressure on the dollar. They stated that concerns about economic growth stem from the Trump administration's tariffs and broader policies, as well as recent weak US economic data. But these concerns about US economic growth may be 'somewhat exaggerated'. At the same time, the market also underestimated the impact of tariffs in other regions. They stated that the US import tariffs should still have a net positive impact on the US dollar. At present, traders may need time to digest the full impact of the latest developments, so for those betting on a stronger US dollar, this may be a 'difficult process'. (Golden Ten)