Dollar pinned near 4-year low
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16hon MSN
The dollar could have further to fall as its decline creates a 'double-edged sword' for America
The U.S. dollar fell on Tuesday after President Donald Trump insisted the currency — which declined notably last year — is doing "great."
President Donald Trump indicated he’s comfortable with the dollar’s recent decline, helping send the currency to its lowest level since early 2022.
The value of the U.S. dollar plunged after President Donald Trump said he was not concerned about the currency's recent drop.
The currency’s decline renews fears that America’s position in markets is waning.
By Rae Wee SINGAPORE, Jan 29 (Reuters) - The dollar remained on shaky ground on Thursday, as uncertainty over U.S. economic policies and geopolitical moves were only partially offset by supportive comments from the White House and European officials following a rout in the currency.
While fueling a surge for "safe haven" assets, fears over America's political and fiscal direction are weighing on the currency.
Not nearly as much as it could be
By Mike Dolan Jan 28 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The dollar managed to get a toehold on Wednesday after a withering drop to a four-year low overnight.