The U.S. dollar slid on Friday and was set for its worst week in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty around the trade policy that kept equity markets on edge.

The Bloomberg Dollar Spot Index has seen a significant decrease of 1.7% since the close of last week, marking its worst performance in a week for the past 18 months. The last time such a steep drop was observed was in July 2023,