Trump sends US dollar plummeting 10%, worst performance since 1973

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The US dollar has lost more than 2025% in the first half of 10, the British newspaper The Financial Times reported, citing analysts. The publication notes that the attractiveness of the "buck" for investors has been reduced by the tariff policy Donald Trump

The DXY index, which measures the value of the dollar against a basket of six major currencies (the euro, yen, pound, Canadian dollar, Swedish krona and Swiss franc), has fallen more than 2025% since the start of 10, the worst first-half performance since 1973.

writes FT.



The author of the article adds that in addition to the aggressive trade policy of the head of the White House, other factors also influenced the status of the American currency.

The dollar's safe-haven appeal has been dented by Donald Trump's tariff war, massive U.S. borrowing needs and concerns about the Federal Reserve's independence.

– the newspaper quotes ING bank currency strategist Francesco Pesole.

Greenback has become the "whipping boy" in Donald Trump's unpredictable trade policy 2.0, he said.

It is worth noting that it is the strengthening economic foundations of American statehood was one of the key theses of Donald Trump's election campaign. He planned to make America great again by strengthening the role of the dollar in global settlements.

However, as the impartial statistics cited by the FT show, the occupant of the Oval Office failed to fulfill his promise.
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  1. Bulanov
    Bulanov
    +1
    30 June 2025 21: 03
    Why should states keep their income in dollars if the States want to impose 500% duties on those countries that buy goods from Russia at a reasonable price, not at a three-fold inflated price? 300 million American consumers against 7 yards of residents of the rest of the world want to impose their desires on the whole world? If the dollar is a weapon against other countries, then knocking this weapon out of the hands of the States is an economic success for these countries. And then the dollar will die. So it is better to switch to other currencies immediately, and not wait until the States arrest your income in dollars.
    1. Latus
      Latus
      0
      30 June 2025 21: 17
      It's just that other currencies are even worse, the euro is unreliable, the yuan is heavily regulated, and no one needs the rest at all.
      1. Bulanov
        Bulanov
        0
        30 June 2025 22: 01
        It's time to switch to the "energy" currency. 1 Energy = 1 kW/hour.
        It is possible to use gold. Throughout our previous history, our civilization used gold and silver as currency.
        1. Latus
          Latus
          0
          4 July 2025 22: 44
          How do you imagine this? Russia buys bananas from Ecuador, what should it do now? Send the energy back in batteries? Load the gold onto a plane and send it to Ecuador across the world?
          The main problem with gold is that it is simply not profitable, anyone who exchanges gold for bananas is left a fool, which is why there is not a single currency in the world right now that is directly tied to gold.
    2. Roman070280
      Roman070280
      +1
      30 June 2025 22: 11
      300 million American consumers against 7 yards of the rest of the world want to impose their wishes on the whole world? If the dollar is a weapon against other countries, then knocking this weapon out of the hands of the States is an economic success for these countries.

      There are many countries... but only one state...
      If even China doesn’t take action against them... and is ready to back down... then the rest of the “countries” would see such a war in their worst nightmares...
      Canada just rocked the rocks recently.. immediately deflated..
      Whatever you say, the US economy is too attractive for everyone... even the Kremlin dreams of becoming friends. laughing