US Dollar Poised for Largest Annual Decline Since 2003

Geopolitics, diversification, and Fed easing contribute to the U.S. dollar’s downward pressures.

U.S. currency in Washington. Madalina Kilroy/The Epoch Times

While the so-called Santa Claus rally delivered year-end gains for stocks and precious metals, the U.S. dollar received a lump of coal to finish a not particularly strong 2025.

The U.S. dollar index, a measure of the greenback against a weighted basket of currencies, is on track for its largest annual decline since 2003.