According to BlockBeats, a key indicator that measures the performance of the U.S. dollar suggests that it is experiencing its worst performance in the first 100 days of a presidential term since the era of President Richard Nixon, when the U.S. abandoned the gold standard for a free-floating exchange rate system.
Since U.S. President Donald Trump returned to the White House on January 20, the dollar index has fallen nearly 9% as of April 25. This decline is set to be the largest drop in the first 100 days of a presidency since 1973.
Historically, the dollar has shown strong performance during the first 100 days of a president's term. From Nixon's second term in 1973 to President Joe Biden's inauguration in 2021, the average return rate of the dollar was approximately 0.9%.
