Trade-related uncertainties, growing fiscal debt, and fading confidence in long-term U.S. exceptionalism are pressuring U.S. assets, with the dollar bearing the brunt. Once buoyed by strong valuations, the greenback is now losing its appeal as investors reassess its strength. Analysts note that persistent economic and geopolitical challenges are prompting a shift in sentiment, with markets increasingly wary of America’s fiscal trajectory. As the dollar retreats from recent highs, concerns grow over its future stability and global dominance, signaling a potential shift in investor strategy toward more diversified currency holdings.