New York CNN —
The US dollar is having its worst year in decades. While stocks have recovered from their April lows and demand for bonds has been relatively steady, the dollar has continued a precipitous decline.
The US dollar index, which measures the dollar’s strength against six major foreign currencies, is down nearly 10% this year and on Wednesday hovered around its lowest level since 2022.
Wall Street had expected the dollar to strengthen under President Donald Trump’s second term. His policies of tax cuts were expected to spur economic growth and tariffs
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