Charting the Global Economy: US Dollar Slide Evocative of Nixon
$20 dollar notes at the US Bureau of Engraving and Printing in Washington.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The dollar is on pace for its worst performance during the first 100 days of a US presidency since Richard Nixon was in the White House as Donald Trump imposes tariffs and attempts to reshape global trade.
Trump’s trade policy — aimed at rejuvenating domestic manufacturing, shoring up the industrial base and improving national security — has pushed investors into assets outside of the US. That’s led to a weakening in the greenback and lifted other currencies alongside gold.