DOLLAR ON TRACK FOR WORST FIRST HALF IN DECADES The dollar is heading for its steepest first-half drop in at least 40 years. The ICE Dollar Index is down over 10% in 2025, while the WSJ Dollar Index is down 8%, the worst since 2002. The decline reflects concerns over Trump’s tariffs, Fed independence, and rising U.S. debt, weighing on the world’s key trade currency. Some analysts say the selloff may be overdone and expect a rebound, while others warn of a deeper slide as more investors hedge against further dollar weakness.