💵 US dollar is falling at the fastest pace since 1980
The dollar has become the second worst performer in the G10. A year ago it was the strongest. In the last 3 months, most major currencies gained sharply against it.
✅ Australian dollar up about 8%
✅ Swedish krona up over 10%
✅ New Zealand dollar up 5%
✅ Norwegian krone up close to 2%
The pressure comes from several angles. Political uncertainty in the US is rising. Trade policy looks aggressive and hard to predict, with tariffs coming back into focus. That has triggered a broad “sell America” move, with capital flowing out of US assets