Dollar index down 1% in 2026 after 9% 2025 slide; traders doubt "strong dollar"

The dollar index has fallen 1% since the start of 2026 after a 9% annual drop in 2025, while traders discount White House assurances of a "strong dollar." Tariff threats and the nomination of Kevin Warsh for Fed chair are seen as tilting toward lower rates, steering investors toward gold and other perceived havens.