US EditionTrump Says Value of the Dollar Is 'Great', Currency Hits Four-Year Low
The dollar dropped 1.4% to its lowest since 2022 amid concerns over Federal Reserve independence and potential U.S.-Japan currency intervention, analysts said.
- On Tuesday, U.S. President Donald Trump told reporters in Iowa, `No, I think it's great, the value of the dollar... dollar's doing great`, as the U.S. dollar sank to a four-year low.
- Reports late in the week that the U.S. Treasury considered intervention and the New York Federal Reserve checked dollar/yen rates on Friday intensified the selloff amid analysts flagging Trump’s policy moves and concerns over Federal Reserve independence.
- Against a basket of peers, major currencies strengthened as the euro traded above US$1.20 for the first time since June 2021 and sterling reached US$1.3844 while the yen rallied by as much as 4%, slipping below 153.
- Economists note the trade-offs: higher import prices but improved export competitiveness as a weaker dollar raises costs for U.S. consumers and importers while benefiting multinational companies and U.S. exporters.
- Investors will watch the Federal Reserve's two-day meeting this week for clues to monetary policy after the slide, as tariff threats to South Korea and Canada add market volatility.
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U.S. President Donald Trump minimized the fall of the dollar and said it "is going excellent," after the currency reached its lowest level in nearly four years.
Times of India
The Star Kuala LumpurTrump says value of the dollar is 'great', currency hits 4-year low
Dollar fall: Amid the backdrop of the dollar hitting a four-year low, President Trump touted the currency's impressive value, even as experts analysed the various elements contributing to the dollar's decline. While a weaker dollar may benefit US exporters by lowering prices overseas, Trump noted his intention for the dollar's value to find its natural balance.
Dollar reaches 4-year low as Trump says currency’s value is ‘great’ | Honolulu Star-Advertiser
President Donald Trump said on Tuesday the value of the dollar was “great,” when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low.
Trump says value of the dollar is 'great', currency hits four-year low
WASHINGTON: US President Donald Trump said on Tuesday the value of the dollar was "great", when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low.
Dollar Falls Sharply After Trump Comments
The U.S. dollar fell sharply after President Donald Trump was asked its recent decline. “I think it’s great, the value of the dollar,” Trump told reporters during an event in Clive, Iowa. “Look at the business we’re doing. The dollar’s doing great.” The U.S. Dollar Index, which tracks the dollar a
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