The U.S. dollar struggled to regain its footing with the safe-haven yen hovering near a six-month peak on Friday, as traders took stock of the fallout from President Donald Trump's aggressive and far-reaching new tariff measures.

Thursday fell sharply by -1.64% and posted a 6-month low. The dollar plummeted Thursday because of concerns that President Trump’s sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates.

Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared U.S. President Donald Trump's sweeping tariffs would tip the global economy into a recession.

President Trump's new tariffs send shockwaves through U.S. markets as a trade war unfolds. Follow along for live updates on stocks and the Dow, Nasdaq and the S&P 500 are reacting to the latest tariffs news.

Worries that long-term U.S. growth will fade could matter more for the currency than the mechanical impact of tariffs.