Rolling coverage of the latest economic and financial news

• Wall Street shrinks in response to price pressures, stoking fears of Trump tariffs

March has also been a grim month for the US dollar.

By my calculations, the dollar is on track for its largest monthly fall against a basket of major currencies since November 2022.

This isn’t just about trade—it’s about consumer behaviour, capex hesitation, and inflation stickiness all colliding at once.

In summary, the euro is looking stronger than sterling and the dollar, while the US dollar has become the weakest link among the three.