The US Dollar Index (DXY) has experienced its worst weekly settlement in three years and is on track for its worst performance in 20 years, having declined approximately 9% year-to-date, the largest drop since at least 2005. The index fell to a three-year low of 98.61, with the dollar dropping below 141.62 yen, marking a seven-month low in the foreign exchange market. This decline coincides with a rapid sell-off of US assets by foreign investors. Concurrently, the S&P 500 has dropped 10% in the first 73 trading days of 2025, marking the fifth worst start to a year in its history. The US Dollar Index's decline of over 8% thus far in 2025 is its worst start to a year since 1995.