Dollar Suffers Historic Decline Amidst First 100 Days

The U.S. dollar is facing its most significant decline in its opening 100 days since President Richard Nixon abandoned the gold standard in the early 1970s. According to BlockBeats, a leading financial indicator, the dollar has fallen nearly 9% since Donald Trump’s return to the White House on January 20th. This drop is projected to be the largest within the first 100 days of any presidency since 1973. Historically, the dollar traditionally displays strong performance during the initial phases of a president’s term. From Nixon’s second term in 1973 to President Joe Biden’s inauguration in 2021, the average return rate for the dollar was roughly 0.9%.