It’s by design. They’ve got 9 trillion to refinance this year. They’re intentionally devaluing.
— Highkey (@belikewat3r) September 21, 2025
“The dollar index has dropped roughly 10–11 percent in the first half alone, making it the steepest decline since the floating exchange rate began in 1973. Weak U.S. labour data, anticipated Federal Reserve rate cuts, record Treasury issuance, and long-term de-dollarisation trends are all significant factors pulling the dollar down.” Source: https://www.ebc.com/forex/is-the-dollar-weakening-in-2025-causes-and-market-reactions