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The Dollar's Worst Year Since 1973 Explained

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by ITM Trading
Thursday, Jul 10, 2025 - 22:10

 


Fifty years after Nixon defaulted on gold convertibility, the dollar faces a new reckoning. But this time, there’s no Saudi oil deal, no Volcker rate hike, and no geopolitical consensus to save it.

The DXY just posted its worst start to the year since 1973. Central banks are ditching Treasurys for gold. And BRICS nations are building a parallel system to kill dollar dependence.

This isn’t a cycle... it’s a collapse in slow motion.

The only question left: how fast does it go when the world finally stops pretending the dollar has value?

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