“Since Donald Trump's inauguration, we have seen an 11% decline in the value of the dollar, the steepest decline in more than a half a century.”
What PolitiFact found
Financial research firm Morningstar says the standard metric for measuring the dollar’s strength against other currencies dropped by 11% in the first half of 2025, the biggest decline for a first half of the year since 1973. Donald Trump was president for most of that six-month period, but not all of it. Economists said this drop is unusual — in times of economic strain or uncertainty in recent decades, the dollar has usually strengthened — and some attribute the decline to the uncertainty su...
Their words, from the summary they publish with the rating.
In short
Ritchie Torres (U.S. Representative, D-N.Y.) made this claim around 20 July 2025. PolitiFact (United States) looked into it and published its finding on 25 July 2025, 5 days later. Its rating was “Mostly True”.
Where the claim appeared
- transcripts.cnn.comhttps://transcripts.cnn.com/show/sotu/date/2025-07-20/segment/01
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This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.