The U.S. dollar extended its slide on Thursday, with the ICE U.S. Dollar Index dropping to 98.327 in early trade and later breaching the 98 level for the first time since March 2022. The Bloomberg Dollar Spot Index likewise reached its weakest reading since April 2022, underscoring the breadth of the move. The sell-off accelerated after President Donald Trump warned of new tariffs on countries not engaged in active trade talks with Washington, rekindling concerns about a wider trade conflict. A softer-than-expected U.S. consumer-price reading added to pressure by reinforcing bets that the Federal Reserve can maintain an easier policy stance. Against the backdrop of risk aversion, the euro climbed to about $1.16, its strongest level since November 2021, while the dollar’s year-to-date decline deepened to roughly 10.6%, putting the currency on track for its worst first-half performance since 1974. Strategists said the move could buoy risk assets and complicate the outlook for import-heavy businesses that have benefited from a stronger U.S. currency.