The US dollar, traditionally a safe-haven currency during global uncertainty, has become the worst-performing major currency in 2025.
Despite its historical dominance since the Bretton Woods system, the dollar has depreciated over 10% from January to April.
This decline coincides with escalating trade tensions, including new tariffs implemented by President Trump’s administration.
While economic uncertainty typically strengthens the dollar, investors are instead turning to alternatives like the Swiss franc and Japanese yen, potentially signaling a shift in the dollar’s global status.