The U.S. dollar is facing its sharpest first-half drop in over five decades, as markets absorb mounting uncertainty around future Federal Reserve actions and growing political interference.
According to a report from Reuters, the dollar index has declined more than 10% since January—its worst performance for a first half of the year since 1973. This decline follows a confluence of pressures, including subdued inflation, weaker economic growth signals and political rhetoric surrounding Federal Reserve leadership.
