The dollar just had its worst start to the year in half a century
The U.S. dollar just logged its worst first-half performance since the 1970s—and investors are taking notice. Down more than 10% against major currencies, the drop reflects deepening unease over President Trump’s deficit-heavy “Big Beautiful” spending agenda. Gold is soaring, foreign currencies are climbing, and overseas holders of U.S. debt are feeling the burn. For everyday Americans, the fallout is already showing up in higher prices on imported goods. As global confidence wavers, the question looms: how much further does the dollar have to fall? Catherine Baab with Quartz has the full story.
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