Morgan Stanley

The Goldman Sachs Group, Inc.

The U.S. dollar in 2025 is noticeably losing ground against other key currencies: the Bloomberg Dollar Spot Index, which reflects the value of the dollar against a basket of ten leading world currencies, has slipped by almost 11% in the first six months. This was the <a href="https://www.bloomberg.com/news/articles/2025-08-11/dollar-faces-competition-as-trump-redefines-trade-order">worst result</a> for the first half of the year since 1973.

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EU banks and emerging market equities: How can investors play the sagging dollar?