The US dollar is experiencing its worst start to a presidency since Richard Nixon, with investors shifting their assets abroad due to Donald Trump’s trade policies. Trump’s tariffs aim to boost domestic manufacturing and national security, but have instead driven investors towards other currencies and gold. This shift has led to the dollar’s weakening, pushing it to a 30-year low.
Source: https://www.bloomberg.com/news/articles/2025-04-26/world-economy-latest-us-dollar-slide-reminiscent-of-nixon-era