Trump's dollar déjà vu: what an uncanny chart about the greenback shows about American exceptionalism | Fortune

A technical strategist at LPL Financial says recent moves in the U.S. Dollar Index resemble the pattern seen across Donald Trump’s first and second presidential terms. Adam Turnquist built and keeps updating a chart comparing the dollar’s path after both periods’ turning points. The index fell 13% over 269 trading days from its January 2025 peak, then broke above resistance near the 100 level—similar to an early-2018 breakout after the first-term bottom. He notes the macro backdrop differs, especially around inflation and the Federal Reserve, but points to shared dynamics in growth expectations and policy sentiment.