The U.S. dollar fell on Tuesday after President Donald Trump insisted the currency — which declined notably last year — is doing "great."

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.

The fall in the U.S. dollar pushed the price of gold and silver to fresh all-time highs, while bitcoin, which has tried to carve out a reputation as digital gold, remains on the sidelines.

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.

The chart shows the U.S. dollar’s value from January 20 to January 25, with the index falling from around 99.10 to 97.14.