Bloomberg: The dollar faces its worst performance in the first 100 days of a presidency since Nixon.

BlockBeats news, on April 26, according to Bloomberg, an indicator measuring the performance of the dollar shows that the dollar is heading towards its worst performance in the 100 days since the start of a U.S. presidential term, with relevant data traceable to the Nixon era—when the U.S. abandoned the gold standard and switched to a free-floating exchange rate system. Since Donald Trump returned to the White House on January 20, the dollar index has fallen nearly 9% as of April 25, poised to set the largest fall in the first 100 days of a presidential term since 1973. In contrast, in recent decades, the dollar has typically performed strongly in the first 100 days before a U.S. president takes office; from Nixon’s second term starting in 1973 to Biden’s inauguration in 2021, the average return of the dollar was close to 0.9%.