Bloomberg: Dollar Heads for Worst Presidential First 100 Days Since Nixon

BlockBeats News, April 26th, according to Bloomberg, an index measuring the dollar's performance shows that the dollar is heading for its worst performance since the first 100 days of a U.S. president's term, with data dating back to the Nixon era—when the U.S. abandoned the gold standard and moved to a free-floating exchange rate system.

Since Donald Trump returned to the White House on January 20th, as of April 25th, the dollar index has fallen by nearly 9%, poised to mark the largest decline in the first 100 days of a president's term since 1973. In comparison, over the past few decades, the dollar has typically shown strength in the first 100 days of a new U.S. president. From Nixon's second term in 1973 to Biden's inauguration in 2021, the dollar has had an average return rate of close to 0.9%.