The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News.

It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.

The greenback weakened 10.7% in the first six months of the year compared to a basket of currencies from major trading partners – the worst drop since 1973 when President Nixon stopped tying the dollar to the price of gold.