US dollar suffers worst start to year since 1973
UNITED STATES, JUN 30 – The dollar dropped over 10% due to tariffs, rising debt, and Federal Reserve concerns, while gold and Bitcoin gained as investors seek safer assets, reports show.
- The U.S. dollar has suffered its worst start to a year since 1973, declining about 10 percent through 2025 amid President Trump's trade policies.
- This decline follows historical precedents beginning with Nixon suspending dollar-gold convertibility on August 15, 1971, which destabilized the global monetary system.
- Trump's tariff war and increasing public debt worries have triggered uncertainty, while debates continue over the Federal Reserve's independence and the impact on domestic manufacturing.
- The Financial Times reported that global companies with U.S. operations face weaker dollar revenues, and the U.S. Senate is preparing to pass a bill that may expand deficits by trillions.
- The odds of a crisis have risen sharply over the next four to five years, suggesting risks to the dollar, inflation, and growth, although a crisis is not inevitable.
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Total News Sources136
Leaning Left13Leaning Right26Center26Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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