US EditionDollar Crumbles After Trump Remarks; Euro, Yen, Sterling Surge
The US dollar fell over 9% in 2025 and dropped another 2.3% in January amid concerns about Federal Reserve independence and potential US-Japan currency intervention.
- On markets' reaction, the euro climbed past $1.20 for the first time since 2021, while the British pound sterling rose 1.2% yesterday to its highest level since 2021.
- Trading was driven by comments from President Donald Trump as the US dollar tumbled over 9% in 2025 and fell about 2.3% in January amid talk of US and Japanese authorities' intervention.
- The yen responded strongly, surging over 1% to 152.10 yesterday and was 0.4% weaker at 152.79 today, with Satsuki Katayama saying the government would act if needed.
- Investors focused on the Federal Reserve's decision as the dollar index rose 0.22% to 96.114 after dropping over 1% to a four-year low of 95.566.
- Looking ahead to February 8, Japan's election and the Australian dollar's rise to $0.70225 amid RBA hike bets fuel concerns; Kyle Rodda said, `It shows there's a crisis of confidence in the US dollar.
16 Articles
16 Articles
Dollar crumbles after Trump remarks; euro, yen, sterling surge
The U.S. dollar was grappling with a "crisis of confidence" as it struggled near four-year lows on Wednesday after President Donald Trump brushed off its recent weakness, exacerbating the dollar selling and lifting the yen, euro and sterling.
FINANCES AND MARKETS.— The dollar stabilized on Wednesday, but was headed for its biggest weekly fall since April last year, after President Donald Trump downplayed the setback this month, which ignited the concern among European central bankers about the strength of the euro. As investors became increasingly nervous about their exposure to US assets, other currencies and gold skyrocketed in the last two weeks.
With provocative statements, US President Donald Trump is sending the dollar into another downward spiral – and once again strengthening gold and silver. Experts suspect that his statements are calculated and see dangers for the American economy.
EUR/USD Climbs Above 1.2000 After Trump’s Remarks - ActionForex
Expectations of lower Federal Reserve interest rates, recession risks, and the negative fallout from the US stance on Greenland have been among the factors acting as bearish drivers for the dollar in recent weeks. Additional pressure came from signals that the US may be willing to sell dollars to help Japan strengthen the yen. Yesterday’s […] The post EUR/USD Climbs Above 1.2000 After Trump’s Remarks appeared first on ActionForex.
EUR/USD Climbs Above 1.2000 After Trump’s Remarks
Expectations of lower Federal Reserve interest rates, recession risks, and the negative fallout from the US stance on Greenland have been among the factors acting as bearish drivers for the dollar in recent weeks.Additional pressure came from signals that the US may be willing to sell dollars to help Japan strengthen the yen. Yesterday’s comments from Donald Trump then gave the market fresh momentum.“The dollar is doing great,” Trump replied whe…
Coverage Details
Bias Distribution
- 83% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
