<div id="readability-page-1">It's tough luck for the dollar as it got kicked when it is down, after US president Trump said earlier this week that the currency is &#34;doing great&#34; and that &#34;I don't think the dollar has declined too much&#34;. That kind of endorsement speaks volumes and it won't help to turn around the deteriorating sentiment in the greenback since last year.The main drivers beating down the dollar are all still in play. Incoherent trade policy and tariffs approach? Check. Erratic and uncertain geopolitical policy administration? Check. Federal Reserve independence being undermined? Check. Currency debasement flows amid rising fiscal concerns globally? Check.Those are just some key reasons why the dollar is being dragged to the depths of the ocean since last year already. And all of that is still in play this year.So far today, the pressure is back on with EUR/USD rising up 0.3% to 1.1990 and taking another look at the key 1.2000 mark. This week's levels are still the highest since June 2021 for the currency pair. Meanwhile, USD/CHF is back down by 0.4% to 0.7650 and eyeing fresh 15-year lows again. And following a hot Australian inflation report yesterday, AUD/USD is up 0.7% today to 0.7090 now - its highest in two years.And all of this is not even coming close to the biggest and most significant mover today, that again being precious metals. Gold is up 2.5% today and over 11% this week to $5,555 currently with the high earlier coming close to clip the $5,600 mark. It's wild that at the end of last week, we were still talking about whether $5,000 would be the limit. And suddenly, here we are. Once again, it speaks to the trading truth that it is a fool's errand to be calling tops and/or catching falling knives.Meanwhile, silver is also up over 1% to a fresh record above $118. Unrelenting.</div>

The dollar continues to decline, pressured by incoherent trade policies, geopolitical uncertainties, and concerns over Federal Reserve independence. Following President Trump's comments on the dollar's strength, the EUR/USD pair has risen 0.3% to 1.1990, while USD/CHF has dropped 0.4% to 0.7650. Precious metals are experiencing significant gains, with gold up 2.5% to $5,555 and silver surpassing $118. The dollar's deteriorating sentiment remains a key concern as these trends persist.

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Dollar beaten down again after a brief respite yesterday