The US dollar, after a period of tremendous surge in value between November and January, appears to be on the decline.
US Dollar Declines Amid Uncertainty
The currency, which is also the world's reserve currency, gained a significant amount of momentum during the period post Trump's election victory in November 2024. This was attributed to Trump's hardline 'America First' rhetoric, which is also the cornerstone of his policy-making.
While the period of surge for the US Dollar pushed other currencies down, the reality of Trump's policies had only started kicking.
The 47th US president's strongman tactics, which fared well for the first few weeks, appear to be getting a reality check.
As a result of which, many may be moving away from the US dollar. This is because Trump's vision and ambitions are getting more nebulous with every executive order and statement he issues.
With his tariff games and other geopolitical decisions, Trump has made the international scene tense.
The US Dollar Index (DXY) is a measuring index of the value of the United States dollar in relation to a basket of other major foreign currencies. | Photo credit: ANI
1.5 per cent Decline in A Week
These developments have arguably left many wondering the direction, they US economy might be headed to.
In the most recent trade, the value of the currency, as according to the US Dollar Index dipped by 0.03 points 0.03 per cent.
As per Market Watch, in the past 5 trading sessions or a week, the overall decline has come up to 1.53 per cent. As per the latest data, the currency stood at 108.35 on February 10, against its current value of 106.69.
The US Dollar Index (DXY) is a measuring index of the value of the United States dollar in relation to a basket of other major foreign currencies.
Indian Rupee Strengthens
As a result of this, the Indian Rupee appears to have bettered its position against the world's reserve currency.
The Indian Rupee stands at 86.73 against a US dollar compared to week ago, when its was inching closer to the 88 per dollar mark.
