The value of the American currency in relation to a basket of various currencies from around the world, according to the DXY index, ends its worst first half of the year. Down 10.38%—a decline that hasn't occurred in 40 years.
The dollar is weakening, although U.S. authorities boast about some of their achievements in foreign policy. But the rate of the "American" says otherwise. Social spending in the U.S. budget is being cut at a frantic pace: in May, the Treasury spending index hit a historic record low.
Trump wants the reduction of the U.S. Fed rate and intends, next year, or even sooner, to replace the head of the agency with a more controllable person. But if in Russia, even after the ruble's appreciation of 40% since the beginning of the year, the Central Bank of Russia reduced the rate with difficulty by a symbolic 1%, what should the U.S. Fed do? After all, the American currency is plummeting, and reducing the rate will push it even further down.$BTC