Dollar Loses Liberation Day Race as More Currency Peers Rebound

The dollar is struggling to regain its mojo as the Australian and New Zealand dollars become its latest Group-of-10 peers to decisively pull away from any “Liberation Day” losses against the greenback.

The Bloomberg Dollar Spot Index is muddling around the weakest level since October while the Aussie and kiwi are set to rise for a fifth straight day, the longest winning streak in about a year. All G-10 currencies, except for the Norwegian krone, have erased losses spurred by reciprocal tariffs from President Donald Trump at his April 2 “Liberation Day.”

The recovery in risk-sensitive currencies accelerated following a ...