USD weakens as Tepper's WHR position drops 8% amid risk-off sentiment

The US dollar faced selling pressure across major pairs as risk sentiment deteriorated following news of David Tepper's significant loss in Whirlpool (WHR) stock, which plummeted 8% from his November entry point of $76.60. The prominent hedge fund manager, who holds a $432 million position representing 10% of the appliance manufacturer, saw substantial paper losses that contributed to broader market uncertainty. This development weighed on USD pairs as traders moved into safe-haven currencies, with EUR/USD gaining 0.2% to 1.0845 and USD/JPY declining 0.3% to 109.20. The risk-off environment particularly benefited the Japanese yen and Swiss franc. Technical indicators suggest USD/JPY could test support at 109.00, while EUR/USD faces resistance at 1.0870. Traders are monitoring whether this equity market volatility will persist, potentially leading to further dollar weakness as institutional investors adjust risk exposures.