The U.S. dollar experienced a decline following a credit downgrade of the U.S. government by Moody's Ratings, shifting the rating from 'Aaa' to 'Aa1'. This downgrade, coupled with trade tensions, has impacted the dollar's value, reflecting concerns over ballooning fiscal debt and trade-related uncertainties. Investors have expressed weakened confidence in U.S. assets, with the dollar being particularly affected. This sentiment is compounded by ongoing trade frictions, which have re-emerged as a significant concern for the currency's stability. The dollar's fall was broad-based, affecting its value against safe-haven currencies like the yen, Swiss franc, and euro. The currency reached its lowest level in over a week against these counterparts, with the dollar/yen rate hitting 144.665 yen, the dollar/Swiss franc at 0.8317, the euro/dollar at 1.1232, and the pound/dollar at 1.3355, signaling a broader market shift away from the dollar. Amid these developments, institutional investors have shown a bearish stance on the U.S. dollar, with 20% of 174 fund managers surveyed by BofA indicating an underweight position in the currency, the highest in 19 years. This reflects a broader skepticism about the enduring strength of 'Brand USA', with the dollar holding a 57.8% share of global foreign exchange reserves and a 46.6% share in international payments.