The U.S. dollar fell against the euro and the Japanese yen on Friday. The dollar has been under pressure in recent weeks as investors have become more concerned about the U.S. economy.
The dollar is seen as a safe-haven currency, and investors tend to buy dollars when they are worried about the global economy.
However, investors have become more concerned about the U.S. economy in recent weeks, as the Federal Reserve has begun to raise interest rates in an effort to combat inflation.
Higher interest rates make it more expensive for businesses to borrow money, which can lead to slower economic growth.
Investors are also concerned about the war in Ukraine, which is having a negative impact on the global economy.
The war in Ukraine has caused energy prices to rise, which is putting upward pressure on inflation.Inflation is already at a 40-year high in the U.S., and the war in Ukraine is likely to push inflation even higher.
Higher inflation makes it more expensive for businesses to operate, which can lead to slower economic growth. Investors are also concerned about the political uncertainty in the U.S., as the midterm elections are approaching.
The midterm elections are likely to be a close race, and this uncertainty is making investors more cautious. The combination of these factors has led to a decline in the value of the U.S. dollar.