Dollar Index Slumps 10.8% in Biggest First-Half Loss Since 1973

The US dollar index tumbled in the first six months of the year, posting its worst first-half performance since 1973 when Richard Nixon was president.

The US Dollar Index has fallen about 10.8% year-to-date, compared with a 14.8% slump in the first half of 1973. Uncertainties associated with President Donald Trump’s trade and tariff policies - on top of his push for Federal Reserve rate cuts - have weighed heavily on the currency.