THE GUARDIAN: Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide
The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sending investors fleeing to traditional havens including gold and the Swiss franc.
The dollar dropped by 1.3% against a basket of currencies after the president’s comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning.
“No, I think it’s great,” Trump said of the weaker dollar, during a visit to Iowa to promote his record on the economy. Asked whether he was concerned about the currency’s slide, he told reporters: “I think the value of the dollar – look at the business we’re doing. The dollar’s doing great.”
The greenback has tumbled by 10% over the past year, while Tuesday’s fall was the largest one-day drop since last April, when Trump announced his sweeping tariff plans, marking a global market sell-off.
The dollar has now touched its lowest level since February 2022, after unpredictable US policymaking, including Trump’s recent threats to take over Greenland and impose further tariffs on European allies, unleashed fresh geopolitical shocks. » | Joanna Partridge | Wednesday, January 28, 2026
If America must go on suffering under Trump’s voodoo economics, it could well soon be on life-support! I have said it before, and I will say it again: Trump doesn’t understand even the basics of macro-economics. Egocentric, megalomaniacal, rapacious businessmen usually don’t. Especially businessmen skilled and talented enough to be able to bankrupt FIVE, arguably even SIX, casinos! For Americans, the future looks bleak. — © Mark Alexander
