“1H” decline of 10.8% for the USD is NOT one hour! Its the fall in one half, ie six months

There are plenty of breathless headlines crossing about a 10.8% decline in the US dollar in “1H”.

Just for clarity that is NOT one hour as some folks seem to think. Sheesh, look at a chart!

Yes, the USD is awfully weak. Trump is debasing the dollar further with his threats against Fed independence, adding to the losses.

I posted yesterday, first thing,

• USD a little softer (the story of the hapless US dollar for 2025 so far! Not a trend you want to be fighting.).

And on Trump’s weekend dollar-debasement comments cutting the legs further from the dollar:

• USD set to get another thrashing after Trump’s weekend debasement comments

• “ … I don’t want to have to pay for 10 years debt at a higher rate.”
• “ … we’re to get somebody into the Fed who’s going to be able to lower the rate.”

This article was written by Eamonn Sheridan at www.forexlive.com.