The US dollar is experiencing its worst year since President Nixon, and experts predict it will continue to decline. Three key factors are contributing to this trend: looming Federal Reserve rate cuts, international investors’ hedging strategies, and the Trump administration’s “weak dollar” policy.
Since at least the early 1970s, the US dollar has struggled in the second half of the year. This trend is likely to continue as Wall Street strategists anticipate further declines in the greenback. The ICE U.S. Dollar Index shows a bleak outlook for the currency.
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Source: https://www.marketwatch.com/story/the-dollar-is-having-its-worst-year-since-nixon-three-reasons-it-will-get-even-weaker-fc3c7a20