The dollar is having its worst year since the Nixon era! Three key factors point to a continuation of the decline, with Wall Street warning that "this is just the beginning of a long period of weakness". Click to view...
The dollar is heading for its worst performance since the first 100 days of the US presidency, according to a gauge dating back to the Nixon era, when the US abandoned the gold standard in favour of a freely floating exchange rate, according to Bloomberg. Since Donald Trump returned to the White House on January 20, the dollar index has fallen almost 9 per cent by April 25 and is on track for its biggest fall in the first 100 days of a presidency since 1973. By contrast, US presidents in recent ...