Equity-index futures fell and the dollar dipped after President Trump said his administration may start sending out letters imposing unilateral tariffs on trading partners as early as Friday. Ahead of his July 9 deadline for trade negotiations,

The greenback weakened 10.7% in the first six months of the year compared to a basket of currencies from major trading partners – the worst drop since 1973 when President Nixon stopped tying the dollar to the price of gold.

Just seven months into 2025, the U.S. dollar has had its worst start to a year in over half a century, according to a new report by the Financial Times. The dollar index, which measures the dollar’s strength against other major currencies,