The U.S. Dollar slide is evocative of the Nixon era

The dollar is moving at its worst performance during the first 100 days of the US presidency since Richard Nixon was at the White House, as Donald Trump imposes definitions and attempts to reshape global trade.

Trump’s commercial policy – which aims to renew local manufacturing, increase the industrial base and improve national security – has pushed investors to assets outside the United States. This led to a weakness in Greenback and the lifting of other currencies alongside gold.

Meanwhile, the data this week showed that China relies on foreign demand and South Korean exports decreased to the United States this month. government expectations indicated the German economy, which will fight for expansion this year.

United States and Canada

The dollar scale is on the right track of its worst performance during the first 100 days of the American presidency in the data dating back to the Nixon era, when America abandoned the gold standard and turned into a free floating exchange rate. The US dollar index lost about 9 % between January 20 – when Trump returned to the White House – and April 25, and placed it on the biggest loss during the end of the month since at least 1973.

The predictors believe that the American economy takes great success from Trump’s commercial policy. The economy is scheduled to expand by 1.4 % in 2025, according to the last Bloomberg Economists, compared to 2 % in the poll last month. The Mediterranean seeks now a 45 % chance of the recession in the next 12 months, an increase of 30 % in March.

Economists predict that the next Prime Minister in Canada inherits half a year of flat economic growth, which is an immediate test of their rule, as the trade war was grinding Donald Trump investing in business and exporting them.

Asia

The strongest growth in China is expected in the first quarter suffers from twice: the increasing dependence on foreign demand, which increases the threat of the most obvious economic strike with high trade tensions. The strong contribution of trade also shows the fragility of the local economy as it faces pressure and demand for slow consumers and prolonged decline.

The prices of services between companies in Japan remained high last month, indicating continuous inflationary pressures before it begins to influence the American tariff, as the Bank of Japan is preparing to put the policy next week.

South Korea’s initial trading data gave April an early overview how the United States policies renewed export -based economies. External shipments of the United States and China have shown 14.3 % and 3.4 %, respectively, while exports to the European Union and Taiwan were due.

Europe

Germany is likely to fail to generate minimal economic growth this year, according to the revised government expectations, a reminder of the size of the challenge facing the conservative advisor in Friedrich Mirz when he took office next month. The gross domestic product is likely to run after reducing the previous two years. Government economists have previously expected 0.3 % expanding this year.

European car sales have returned to growth last month for the first time since December, with gains in the United Kingdom and strong demand for electric cars that compensate for weaker sales in Germany and France. The demand in Italy and Spain was also strong.

Emerging markets

The International Monetary Fund said after the Birr value decreased that Kenya’s economy is scheduled to exceed Ethiopia to become the largest in East Africa this year. The GDP of Kenya’s GDP estimates $ 132 billion in 2025, which is 117 billion dollars higher than Ethiopia.

Brazil’s annual inflation accelerated to the highest level since mid -February 2023 in an upcoming report, days after the central bank managers confirmed that narrow monetary policy is working.

world

The International Monetary Fund sharply reduced its expectations for global growth this year, and the following time, it is warning that expectations will deteriorate more than US President Donald Trump’s tariff raises a global trade war. The International Monetary Fund reduced its projection of the growth of global product this year to 2.8 %, which will be the slowest expansion of GDP since 2020. It will also be the second number in 2009.

California Governor Gavin New Roire is proud that his term has become the fourth largest economy in the world, after the United States, China and Germany only in the world rankings. In a statement, New Nooring said, referring to the initial state data from the US Economic Analysis Office.

Central banks in Indonesia, Paraguay, Russia and Uzbekistan have maintained interest rates without changing this week.

This story was originally shown on Fortune.com

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2025-04-26 17:33:00