Global Trend: Dollar Weakens
The decline of the DXY dollar index is the largest drop since 1973: more than -10% in the first half of 2025.
Economists expect the dollar's weakness to continue due to key factors:
Slowing growth of the US economy, rising budget and external balance deficits.
Potential cuts in Fed rates, leading to a weak dollar by the end of 2025.
Ongoing trend towards dedollarization and diversification of currency reserves.
Despite the weakening, we are confident: the dollar will maintain its status as the main reserve currency in the coming years.