The American dollar is in a bear market, with a decrease of 2.2% in 2025. Although a weaker dollar stimulates exports, it also brings risks of inflation and loss of investor confidence.

The American dollar has entered a bear market, recording the steepest daily decline since April, with a loss of 2.2% since the beginning of the year and a decline of over 9% in 2025. Donald Trump argues that a weaker dollar can boost exports and tourism, but it also has disadvantages, such as increasing import costs and inflationary risks. Nela Richardson, chief economist at ADP, emphasizes that the dollar's decline is a "double-edged sword," affecting market confidence in an American economy with persistent inflation and high debt. Although economic indicators suggest a stronger dollar, consumption is mainly supported by the wealthiest 20% of households. Analysts suggest that the dollar could continue to depreciate, in the context of improving other developed economies and the reorientation of capital flows.