The U.S. dollar is enduring its weakest year in more than two decades, down over 10% so far in 2025. Most major currencies have gained against it, underscoring how shifts in trade, policy, and investor sentiment are reshaping global FX markets.
- Strong gainers: Brazilian real (+15.4%), Swiss franc (+12.4%), euro (+11.9%), and Mexican peso (+11.6%) posted double-digit rises.
- Moderate gainers: Rand (+8.1%), pound (+7.1%), yen (+6.2%), and others added solid strength.
- Underperformers: The rupee (-2.7%), rupiah (-2.5%), and Turkish lira (-16.9%) weakened against the dollar.