On April 26, according to Bloomberg, an indicator measuring the dollar's performance suggests that the dollar is heading towards its worst performance in the first 100 days of a presidential term, with data traceable to the Nixon era - when the United States abandoned the gold standard and switched to a floating exchange rate system.
From January 20, when Donald Trump returned to the White House, until April 25, the dollar index has fallen nearly 9%, potentially setting the largest decline in the first 100 days of a presidential term since 1973. In contrast, in recent decades, the dollar has typically performed strongly in the first 100 days of a new president's term, with an average return of nearly 0.9% from Nixon's second term in 1973 to Biden's inauguration in 2021.
