$ slumps on Trump's stop-start on duties

The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty.

The greenback lost over one percent against the European single currency, as markets also expected data later in the day to show US inflation slowed in March. The dollar fell further against the Japanese yen and the Swiss franc, seen as safe-haven currencies. Traders were fine tuning their positions on Thursday and generally in a dollar negative direction, and the dollar dropped 0.66% on the yen to 146.7 and 0.5% on the franc to 0.8539.

Over a longer time frame, the US currency remains lower on both safe havens since the reciprocal tariffs were first announced on April 2, and so far in April, it has lost 2% on the yen and 3.5% on the franc.