Dollar Faces Historic Decline in Early Presidential Term

According to BlockBeats, a key indicator measuring the performance of the U.S. dollar suggests it is experiencing its worst performance in the first 100 days of a presidential term since the era of President Richard Nixon, when the U.S. abandoned the gold standard for a free-floating exchange rate system. Since U.S. President Donald Trump returned to the White House on January 20, the dollar index has fallen nearly 9% as of April 25. This decline is poised to be the largest drop within the first 100 days of a presidency since 1973. Historically, the dollar has typically shown strong performance during the initial 100 days of a president's term. From Nixon's second term in 1973 to President Joe Biden's inauguration in 2021, the average return rate of the dollar was approximately 0.9%.