The US dollar experienced its worst first half of the year since 1973, as Donald Trump's economic policies caused global investors to abandon the currency. The dollar index saw a 10.8 percent decline during this period. Trump's tariff war and concerns regarding the Federal Reserve's independence eroded confidence in the dollar. The proposed tax legislation raises fears about US debt sustainability, prompting a sell-off in Treasuries. Amidst these challenges, gold prices reached record highs, reflecting anxiety over dollar asset devaluation amidst ongoing trade tensions with China.
The United States dollar has had its worst first six months of the year since 1973, as President Donald Trump's economic policies have prompted global investors to sell their greenback holdings.
The dollar index fell 10.8 percent in the first half of 2025, indicating a significant decline in its strength against other major currencies.
Concerns over Trump's tariff war and the independence of the Federal Reserve have undermined the appeal of the dollar as a safe bet for investors.
Gold has hit record highs this year due to increased buying by central banks concerned about the devaluation of their dollar assets.
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