The greenback is down a little over 9% since January. With some uncertainty in the U.S. economy headed into the new year, the dollar may continue to weaken.
The dollar’s value plummeted in the first half of the year, largely thanks to the uncertainty caused by Trump’s trade policies. But in recent months, it’s been regaining some of those losses.
Import costs have surged in the country, sending inflation soaring to around 15% — that means shrinking international dollar reserves and a growing parallel black market for U.S. dollars.
The U.S. economy is still a good investment, if you look at growth and high interest rates, but investors are rattled by high tariffs and high deficits.