The US dollar just had the worst first-half-year performance in over 50 years and is likely to weaken even more, according to the financial data and analytics firm S&P Global.
In a new report, S&P Global says the US dollar is rapidly weakening due to tariffs, threats to the Federal Reserve’s independence, rising US debt and inflation fears.
“The US dollar index, which tracks the dollar against a basket of its currency peers, has fallen about 10.8% since the start of the year. That marks its worst first six months of a year since 1973. The greenback now sits at its lowest levels since February 2022 and stands to weaken further, according to currency strategists.”
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The US dollar’s plummeting began after US President Donald
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