The US dollar index (DXY) has suffered its steepest first-half decline in over half a century amid new all-time high levels for the country’s money supply.
The DXY witnessed a 10.8% drop in the first six months of 2025, the worst since its 14.8% decline in the first half of 1973, back when Richard Nixon was the country’s president, reports Bloomberg.
The dollar dumping comes as the US money supply has exploded to a new record high.
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The latest data from the Federal Reserve Bank of St. Louis (FRED) shows that M2, which tracks the total amount of readily available money circulating in the US financial system, stood at $21.942 trillion as of May 2025, shattering its previous peak of $21.749 trillion recorded in April
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