The U.S. dollar suffered its worst first-half year performance since 1973.
This year, the U.S. dollar index, a gauge of the buck against a weighted basket of currencies including the euro and the Japanese yen, has declined by almost 11 percent to its lowest level in three years.
Five decades ago, the greenback was adversely affected by multiple factors, such as the collapse of the Bretton Woods system, rampant price inflation, an oil crisis, and capital outflows.
More than 50 years later, the United States is facing other challenges, including an administration pursuing a transformation of global trade and concerns surrounding Washington’s fiscal health….