Dollar Faces Its Worst First-Half Decline Since the Nixon Era
The State of the US Dollar: A Complex Narrative Unfolding
On a historic note, the US Dollar Index concluded the first half of this year with a staggering 10.8% decline, marking its worst performance since 1973, the year when the Watergate scandal was unraveling and Richard Nixon was at the helm of the nation. At that time, the dollar plunged by 14.8%. Isn't it intriguing how the economy ebbs and flows with the tides of politics and global events?
As we continued into this week, the US Dollar Index settled at…