Dollar Tumbles To A Four-Year Low As Trump Claims It's "Doing Great"
The U.S. dollar fell to a 4-year low Tuesday.The U.S. dollar fell to its lowest level in four years on Tuesday, despite President Donald Trump claiming it was "doing great" in a speech in Iowa.The greenback has retreated in the year since Trump returned to the White House, a stretch that's been punctuated by frequent tariff threats, strains in U.S. international relations and domestic strife, now playing out in Minnesota.Specifically, the ICE US Dollar Index DXY fell to $95.86, down $1.18, or 1.2%, sinking against a basket of rival currencies to its lowest level since Feb. 17, 2022, according to Dow Jones Market Data.As a daily percentage decline, it was the worst day since April 10, 2025, when the dollar index tumbled 2% as markets convulsed in the wake of Trump's "Liberation Day" tariffs.Other countries with high deficits may now take a more cautious approach, he said, adding that they may look to avoid cutting interest rates but instead focus on strengthening their fiscal and moneta