Skip to playerSkip to main contentSkip to footer
  • today
The U.S. Dollar Index dropped 10.8% in the first half of the year, marking its worst start since 1973 under Nixon, according to Bloomberg. The U.S. Dollar Index has declined 10.8% year-to-date, nearing the steep 14.8% drop seen in early 1973. The fall is driven by uncertainty surrounding Trump’s trade policies and his calls for the Federal Reserve to cut rates. FX strategist Brendan Fagan said the U.S. dollar has slid to a new multi-year low and could face further losses, as dovish Federal Reserve pricing, weaker economic data, and heightened policy uncertainty continue to weigh on the currency.

Category

🗞
News
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. dollar index dropped 10.8% in the first half of the year,
00:05marking its worst start since 1973 under Nixon.
00:09According to Bloomberg, U.S. dollar index has declined 10.8% year-to-date,
00:13nearing the steep 14.8% drop seen in early 1973.
00:17The fall is driven by uncertainty surrounding Trump's trade policies
00:20and his cause for Federal Reserve rate cuts.
00:23FX strategist Brandon Fagan said the U.S. dollar has slid to a new multi-year low,
00:27could face further losses as dovish Federal Reserve pricing,
00:31weaker economic data, and heightened policy uncertainty continue to weigh on the currency.
00:35For all things money, visit Benzinga.com.

Recommended