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The Daily Hodl 2025-07-04 18:45:05

US Dollar Primed To Weaken Further Amid the Worst First-Half-Year Performance Since 1973: S&P Global

The US dollar just had the worst first-half-year performance in over 50 years and is likely to weaken even more, according to the financial data and analytics firm S&P Global. In a new report, S&P Global says the US dollar is rapidly weakening due to tariffs, threats to the Federal Reserve’s independence, rising US debt and inflation fears. “The US dollar index, which tracks the dollar against a basket of its currency peers, has fallen about 10.8% since the start of the year. That marks its worst first six months of a year since 1973. The greenback now sits at its lowest levels since February 2022 and stands to weaken further, according to currency strategists.” The US dollar’s plummeting began after US President Donald Trump took office in January. Says Derek Halpenny, managing director and head of research with MUFG Bank, “The trigger for the move may have been uncertainties over the policy outlook, on trade in particular, but the erratic nature of policy formation as well.” Elias Haddad, a global macro strategist with Brown Brothers Harriman, says that the US dollar is suffering from various factors that are likely to cause “structural drag” over the long term. “By all measures, the dollar dominates on the international stage as a store of value, medium of exchange, and unit of account. However, loss of confidence in US trade, fiscal, and security policies, and political meddling with the Fed’s independence threaten to accelerate the dollar’s declining role as the primary reserve currency.” The US Dollar Index (DXY) is trading at 97.03 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Dollar Primed To Weaken Further Amid the Worst First-Half-Year Performance Since 1973: S&P Global appeared first on The Daily Hodl .

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