The dollar and the first 100 days of Trump's presidency ... the worst performance since Nixon

It seems that the US Dollar Index is registering for its worst performance during the first 100 days of US presidency since the era of the late US President Richard Nixon, based on the data dating from the period when the United States drew the Gold Standard and moved to the free raft of the exchange rate. The US dollar index lost about 9% between January 20 – when Donald Trump returned to the White House – and April 25, and put it on the road to achieve the biggest loss until the end of the month since the past decades, the first 100 days of the US currency presidency were distinguished as the average yields were around 073, when Richard Nixon began. Former President Joe Biden held office. The end of the Bretton Woods regime was the measures taken by Nixon in 1971, known as Nixon’s Shock, to be a temporary measure, but led to a decrease in the value of the US dollar, which actually ended the Bretton Woods system for the fixed exchange rates set after the end of the World War II. During the early stages of his second presidency, Donald Trump made many promises of his campaign, imposed new customs duties and increased his strict dialect against China and other United States commercial partners. Customs ‘policies led to investors’ demand for assets outside the United States, which weakened the US dollar and increased the value of other currencies along with gold. The value of the euro, the Swiss franc and the Japanese yen increased by more than 8% for each of these currencies against the US dollar since Trump returned to the presidency. “The use of the US dollar and its role in trade and international financing was based on deep confidence in US institutions, with low commercial and capital barriers, together with predictive foreign policy. Currently, there are clear references to the erosion of this confidence that indicate a change in the tendencies of the spread of global origin is not the importance of the US dollar. The US Federal Reserve Limited. can push its lowest level against the euro. The speculators, including hedge funds and asset managers, bet against the US dollar. This group has been most sold over the dollar since October 2024, with a falling bet on the US currency worth approximately $ 10 billion during the week ended April 15, according to the data issued by the future commodity committee.