Donald Trump's global trade war and "chaotic" economic policies are causing a run on the dollar, as the US currency experienced its worst first half-year since 1973. The greenback has plunged a whopping 10.8% against a basket of other currencies since the start of the year.
This amounts to the worst performance over the first six months of any year since 1973 - when OPEC imposed an oil embargo in response to the Yom Kippur War, causing a global economic crisis. Investors are rushing to sell their stashes of American currency over concerns that Trump's economic policies threaten the safe-haven role of US dollar-denominated assets.

In a further humiliating blow for the former real estate mogul, the value of the Euro has surged by 5% on the back of all the uncertainty emanating from the Trump White House.
David Morrison, a senior market analyst at the financial services company Trade Nation, told The Guardian: "Trump's tariffs, the fact that many investors view his administration as somewhat chaotic, along with concerns over US national debt have seen the dollar fall out of favour."
Analysts and investors also have grave misgivings over Trump's "big beautiful" budget bill, that is currently being debated by US Senators.
Critics say the bill will add an eye-popping US$3.3 trillion to the national debt that currently stands at US$36 trillion.
The bill encompasses a blend of massive tax cuts and reductions in welfare spending, including Medicaid - a programme which provides medical services to workers on low incomes.
One of the fiercest critics of the bill is Elon Musk, who once again slammed the legislation as "insane", as he sparked new life into his feud with the White House supremo.
In a chilling threat, he vowed to challenge any Republican who "campaigned on reducing government spending" and then "immediately voted for the biggest debt increase in history".
"They will lose their primary next year if it is the last thing I do on this Earth," he raged on his social media platform, X.
Musk headed up the so-called Department of Government Efficiency in a bid to cut billions off US debt for the Trump administration, before spectacularly falling out with the US President.
The Tesla billionaire called again for a new political party, saying the bill's massive spending indicated "that we live in a one-party country - the PORKY PIG PARTY!!"
"Time for a new political party that actually cares about the people," he wrote.
In a fierce response to Musk's criticism, Trump urged DOGE "to take a look at cutting the subsidies that Tesla CEO's companies have received".
"Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa," the Republican boss wrote on his Truth Social platform.
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