Fact Check: "US dollar plunges nearly 10% this year, worst decline in decades!"
What We Know
The claim that the US dollar has plunged nearly 10% this year is supported by multiple sources. As of June 2025, the US Dollar Index (DXY), which measures the dollar against a basket of major currencies, has indeed reported a decline of approximately 10% over the past year. Specifically, the index has fallen to its lowest levels since February 2022, with reports indicating a drop of around 8.15% over the last 12 months (Trading Economics, Stansberry Research). This decline is characterized as one of the sharpest falls in modern history, comparable to declines seen in the mid-1980s (Stansberry Research).
Analysis
The assertion that the dollar is experiencing its worst decline in decades is corroborated by the data presented in various financial reports. The dollar's decline has been attributed to several factors, including market expectations of interest rate cuts by the Federal Reserve, which have increased investor uncertainty (Reuters). Furthermore, the economic outlook for the US has been dimmed by concerns over tariffs and a potential shift in monetary policy that favors a weaker dollar (Yahoo Finance).
While the claim is supported by reliable financial news outlets, it is essential to consider the context of the dollar's performance. The dollar's decline is not solely a result of domestic economic factors but also reflects broader international market dynamics and investor sentiment. Analysts have pointed out that the dollar's weakness could lead to significant capital flight from the US, which has not been seen in decades (Stansberry Research).
The sources used in this analysis are credible, with Reuters and Yahoo Finance being well-established financial news organizations. Stansberry Research, while more niche, provides detailed analysis and forecasts that are often referenced in financial discussions. However, it is important to note that some sources may have a particular perspective that could influence their reporting, especially regarding market predictions.
Conclusion
The claim that the US dollar has plunged nearly 10% this year and is experiencing its worst decline in decades is True. The evidence from multiple reputable sources confirms the significant depreciation of the dollar, particularly in the context of its performance over the past year. The decline is marked by economic uncertainties and shifts in monetary policy, making it one of the most notable downturns in recent history.
