Dollar Poised for Worst First 100 Days of Presidency Since Nixon

A dollar gauge is on track for its worst performance during the first 100 days of a US presidency in data going back to the Nixon era, when America abandoned the gold standard and switched to a free-floating exchange rate.

The U.S. dollar index has lost about 9% between Jan. 20 — when Donald Trump returned to the White House — and April 25, putting it on course for the biggest loss through the end of the month since at least 1973. The president’s first 100 days in office in recent decades have been marked by strength in the country’s currency, with returns averaging close to 0.9% between 1973, when Richard Nixon began his second term, and 2021, when Joe Biden took office.