US EditionBREAKING NEWS: Trump Says Current Value of U.S. Dollar Is "Great"
The dollar index fell to its lowest since February 2022 amid Federal Reserve rate cut expectations and policy volatility, boosting exporters but raising import costs, analysts said.
- On Tuesday, President Donald Trump told reporters in Iowa the dollar was `great`, as losses accelerated and the dollar index hit a session low of 95.566, the weakest since February 2022.
- Expectations of Federal Reserve rate cuts and fiscal strains erode investor confidence as traders brace for potential coordinated action by U.S. and Japanese authorities, pushing yen up 4% in two sessions.
- Multinationals and exporters stand to gain from a weaker dollar as it makes foreign profits cheaper to convert and benefits U.S. exporters, while importers face higher costs and foreign borrowers with dollar debt see eased burdens.
- Market participants reacted when the administration's preference for a weaker dollar emboldened USD sellers to push the currency lower, shaping FX market participants' sentiment.
- Given past currency fights, observers note President Donald Trump's disputes with China and Japan frame current tensions, while analysts call a weaker dollar `a two-sided coin` highlighting mixed impacts.
21 Articles
21 Articles
WSJ editorial sends Trump clear warning that falling dollar dream may become his nightmare
The conservative Wall Street Journal editorial board warned Wednesday that President Donald Trump is playing with financial fire. This week, Trump declared a weaker dollar "great," but the Journal warned "he should be careful what he wishes for," as experts have sounded the alarm on what could becom...
Donald Trump Dismisses Dollar's Decline to 4-Year Low: 'Doing Great'
President Donald Trump has brushed off the U.S. dollar’s recent slide to a four-year low, insisting that the currency is “doing great,” even as experts warn economic and political uncertainty is fueling this decline. On Tuesday, the U.S. Dollar Index—a gauge measured against a basket ...
Trump's statement that "the value of the dollar is exceptional" was seen as a sign of tolerance - or even encouragement - for further weakening, ahead of the Fed's crucial monetary policy decision.
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