2017 Worst Year for U.S. Dollar Since 2003

Early in 2017, Donald Trump was worried the dollar was getting too strong. At the start of 2018, he has nothing to worry about. This year, the US dollar recorded an annual decline for the first time in five years. The ICE dollar index, which measures the dollar against a basket of six other currencies, fell nearly 10% in 2017. That’s biggest annual decline since 2003 when the US dollar fell almost 15%. … Most analysts predict a similarly tough year for the greenback in 2018. Goldman Sachs expects a “soggy dollar,” meaning a dollar that has “all but finished pricing the relative strength of the US vs. the global economy.”

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