This has been one of the worst years in history for the US Dollar: The US Dollar index fell -10.8% in the first half of 2025, its worst first-half performance since the end of the gold-backed Bretton Woods System in 1973. This also marks the weakest performance for any six-month period since 2009. Furthermore, the Bloomberg Dollar Spot Index has posted its 6th consecutive monthly decline, matching its longest losing streak in 8 years. The US Dollar is down -14.4% against the Swiss franc, -13.4% against the Euro, -10.5% against the Japanese Yen, and -9.6% against the Pound. This comes as investors react to tariffs, the US deficit spending crisis, and pressure on the Fed to cut rates. The US Dollar is nearing bear market territory.