Nicole Lappin

Between tariffs, inflation, interest rates, it is a perfect storm for the dollar. But even though the dollar is at a three-year low, this isn't the first time the dollar has taken a hit. In the early 2000s, after the dot-com bubble burst and the Fed slashed interest rates, the dollar weakened significantly.

Between tariffs, inflation, interest rates, it is a perfect storm for the dollar. But even though the dollar is at a three-year low, this isn't the first time the dollar has taken a hit. In the early 2000s, after the dot-com bubble burst and the Fed slashed interest rates, the dollar weakened significantly.

Between tariffs, inflation, interest rates, it is a perfect storm for the dollar. But even though the dollar is at a three-year low, this isn't the first time the dollar has taken a hit. In the early 2000s, after the dot-com bubble burst and the Fed slashed interest rates, the dollar weakened significantly.

And then during the 08 financial crisis, the dollar initially dropped as global markets panicked, but then recovered as investors flocked to the safety of U.S. treasuries. And most recently during the pandemic, the dollar fell sharply as uncertainty soared, only to rebound when the U.S. rolled out a juicy stimulus package and vaccines faster than other countries.

And then during the 08 financial crisis, the dollar initially dropped as global markets panicked, but then recovered as investors flocked to the safety of U.S. treasuries. And most recently during the pandemic, the dollar fell sharply as uncertainty soared, only to rebound when the U.S. rolled out a juicy stimulus package and vaccines faster than other countries.

And then during the 08 financial crisis, the dollar initially dropped as global markets panicked, but then recovered as investors flocked to the safety of U.S. treasuries. And most recently during the pandemic, the dollar fell sharply as uncertainty soared, only to rebound when the U.S. rolled out a juicy stimulus package and vaccines faster than other countries.

What's happening right now, though, is a bit different. The dollar's weakness is not coming from traditional financial crises, but from policy volatility and trade-related fear. Economists are now seeing higher odds of a recession due to this trade war and tariff impact. If the economy slows down, the Fed might cut interest rates to cushion the blow.

What's happening right now, though, is a bit different. The dollar's weakness is not coming from traditional financial crises, but from policy volatility and trade-related fear. Economists are now seeing higher odds of a recession due to this trade war and tariff impact. If the economy slows down, the Fed might cut interest rates to cushion the blow.

What's happening right now, though, is a bit different. The dollar's weakness is not coming from traditional financial crises, but from policy volatility and trade-related fear. Economists are now seeing higher odds of a recession due to this trade war and tariff impact. If the economy slows down, the Fed might cut interest rates to cushion the blow.

But that would only further weaken the dollar, creating this feedback loop of inflation and volatility. And if the White House meddles with Fed policy, that is another big red flag. I'm going to be talking about that more tomorrow. But markets depend on trust in U.S. institutions. If investors start doubting that the Fed can act independently, the dollar could take another nosedive.

But that would only further weaken the dollar, creating this feedback loop of inflation and volatility. And if the White House meddles with Fed policy, that is another big red flag. I'm going to be talking about that more tomorrow. But markets depend on trust in U.S. institutions. If investors start doubting that the Fed can act independently, the dollar could take another nosedive.

But that would only further weaken the dollar, creating this feedback loop of inflation and volatility. And if the White House meddles with Fed policy, that is another big red flag. I'm going to be talking about that more tomorrow. But markets depend on trust in U.S. institutions. If investors start doubting that the Fed can act independently, the dollar could take another nosedive.

As Brad Setzer, a former Treasury official, put it, the world might just be asking whether putting more money into the U.S. is worth the risk. And when confidence wavers, that's when currencies take a hit. For today's tip, you can take straight to the bank.

As Brad Setzer, a former Treasury official, put it, the world might just be asking whether putting more money into the U.S. is worth the risk. And when confidence wavers, that's when currencies take a hit. For today's tip, you can take straight to the bank.

As Brad Setzer, a former Treasury official, put it, the world might just be asking whether putting more money into the U.S. is worth the risk. And when confidence wavers, that's when currencies take a hit. For today's tip, you can take straight to the bank.

If you're planning a big overseas purchase like luxury goods or a destination wedding or even importing inventory for your small business, consider opening a multi-currency account with a fintech bank or a brokerage. It lets you convert U.S. dollars when the exchange rate is favorable and hold foreign currency until you're ready to spend it.

If you're planning a big overseas purchase like luxury goods or a destination wedding or even importing inventory for your small business, consider opening a multi-currency account with a fintech bank or a brokerage. It lets you convert U.S. dollars when the exchange rate is favorable and hold foreign currency until you're ready to spend it.

If you're planning a big overseas purchase like luxury goods or a destination wedding or even importing inventory for your small business, consider opening a multi-currency account with a fintech bank or a brokerage. It lets you convert U.S. dollars when the exchange rate is favorable and hold foreign currency until you're ready to spend it.

That way, you're not at the mercy of a dollar on the exact day of your transaction. So a little currency strategy can help you save hundreds or even thousands of dollars over time. Your financial goals feel like a big leap away, but really it's just a bunch of baby steps that together make a big difference. When you open a time checking account, you're one step closer to a better financial future.

That way, you're not at the mercy of a dollar on the exact day of your transaction. So a little currency strategy can help you save hundreds or even thousands of dollars over time. Your financial goals feel like a big leap away, but really it's just a bunch of baby steps that together make a big difference. When you open a time checking account, you're one step closer to a better financial future.