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.

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 currency’s decline renews fears that America’s position in markets is waning.

While fueling a surge for "safe haven" assets, fears over America's political and fiscal direction are weighing on the currency.

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.

Not nearly as much as it could be

As political and economic tensions drive investors to alternative assets, the currency has hit its lowest level since early 2022.

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.