U.S. stocks posted steep losses on April 21.
The blue-chip Dow Jones Industrial Average ended the day down by 971.82 points. The broader S&P 500 Index and the tech-heavy Nasdaq Composite Index fell by 2.36 percent and 2.55 percent, respectively.
Dollar-denominated assets fell sharply before recovering and turning positive.
The U.S. Dollar Index (DXY), which measures the buck against a weighted basket of currencies, fell more than 1 percent early in the day but closed up 0.04 percent.
Changes in U.S. trade policy are bleeding into the dollar, and tariffs could threaten American investment exceptionalism, says Michael Cahill, a senior currency strategist at Goldman Sachs Research….