Treasury Secretary Bessent: other countries' currencies rising, not US dollar falling

The Bloomberg Dollar Spot Index dropped as much as 0.7% on Friday, extending its year-to-date loss to over 7%. The U.S. dollar has now declined in four of the last five sessions, as renewed tariff threats from former President Donald Trump — targeting both the European Union and Apple Inc. — deepened investor concerns about the broader implications of his trade agenda on the U.S. economy.