The US dollar index fell during the first six months of the year, with the worst annual achievement since 1973, when Richard Nixon was president of the United States. The US dollar index has dropped by 10.8% since the beginning of the year, compared to a 14.8% decline in the first half of 1973. The ambiguity around President Donald Trump’s commercial and customs policies, together with its repeated calls to lower federal reserve interest rates. “It seems that the US dollar is on its way to more losses, after falling to the lowest level in a few years, in light of the market prices for a hard direction of federal, poor economic data, and the high degree of policy uncertainty,” said Brenden Waghene, the New York foreign exchange strategy.
The US Dollar Index has signed the worst annual performance since 1973
