The dollar is spiraling amid a 'confidence crisis' sparked by Trump's trade war

Anna Moneymaker/Getty, Anna Kim/Getty, Tyler Le/BI

• The US dollar index dropped over 2% Thursday morning.
• Investors are ditching the dollar as growth fears surge after the latest tariff announcements.
• "We are becoming increasingly concerned that the dollar is at risk of a broader confidence crisis," Deutsche Bank wrote.

The US dollar dropped sharply Thursday as the US trade war dented investors' confidence in US growth prospects.

The US dollar index plunged 2.16% in premarket trading on Thursday...