What is the dollar's future after Moody's downgrade?

The U.S. dollar has had a rough year. Long a key pillar of the global financial system, it has come into question amid President Donald Trump's tariff-driven upending of free trade. And ratings agency Moody's recent downgrade of America's credit rating may weaken the dollar further.

"Brand USA" is falling "further out of favor," said Reuters. Investor confidence in the usually strong dollar was already weighed down in 2025 by "trade-related uncertainties, ballooning fiscal debt and weakened...