The Dollar's Worst Start to the Year in Decades

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The United States’ currency has weakened more than 10 percent over the past six months when compared with a basket of currencies from the country’s major trading partners. The last time the dollar weakened so much at the start of the year was 1973, when the United States made a seismic shift and ended the linking of the dollar to the price of gold.

The combination of Mr. Trump’s trade proposals, inflation worries and rising government debt has weighed on the dollar, which has also been buffeted by slowly sliding confidence in the role of the United States at the center of the global financial system.   

Maybe the dollar isn't that weak after all because it started from such a high level.

Learn more about the state of the dollar, full-scale de-dollarization and how the weaker dollar impacts investments from Americans outside the USA.

from The Global Small Business Blog https://ift.tt/wq2019k