The dollar selloff from earlier this week had been the sharpest since Trump's tariff blitz rocked markets last April. "Loss of independence is far and away the biggest risk to ongoing dollar hegemony," he ⁠said. Against a basket of currencies, the dollar was at 96.24 , languishing near Tuesday's four-year ‌low of 95.566. Its slide has provided some reprieve for the ailing yen , which rose 0.12% to 153.21 per dollar on Thursday. The offshore yuan rose slightly to 6.9426 per dollar, ⁠having hit its strongest level since May 2023 earlier this week.