Dollar Wraps Up First Month of Gains Since Trump Took Office

The dollar closed out its best month of 2025 as the world’s largest economy powers ahead and President Donald Trump inks trade deals.

The Bloomberg Dollar Spot Index rose 2.7% in July, the only positive month since President Donald Trump was sworn into office back in January. While Federal Reserve officials have said growth is moderating, data showed this week showed the US economy expanding at a 3% pace in the second quarter, a solid print given the backdrop of changing trade policy.