US dollar hits four-year low after Trump says it’s ‘doing great’

January 29, 2026

TL;DR

The US dollar reached its lowest level in four years after President Trump welcomed its weakness.
Trump stated he wants the dollar to 'seek its own level' and contrasted this with past devaluations by China and Japan.
Market analysts viewed Trump's comments as a shift from the traditional 'strong dollar' policy.
The dollar's decline is part of a trend that began with Trump's tariff agenda and is also influenced by the Japanese yen.
A weaker dollar can make US exports more competitive but increase import costs and potentially fuel inflation.

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