Foreign media: The dollar is facing its worst first 100 days of a presidential term since Nixon

The dollar is heading for its worst performance since the first 100 days of the US presidency, according to a gauge dating back to the Nixon era, when the US abandoned the gold standard in favour of a freely floating exchange rate, according to Bloomberg.
Since Donald Trump returned to the White House on January 20, the dollar index has fallen almost 9 per cent by April 25, putting it on track for its biggest fall in the first 100 days of a US presidency since 1973. By contrast, the dollar has typically performed strongly in the first 100 days of a US president's presidency in recent decades, averaging a return of nearly 0.9 per cent between Nixon's second term in 1973 and Biden's inauguration in 2021.