US dollar sinks to its lowest level in four years
Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide
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S E E D E D C O N T E N T
The dollar has tumbled by 10% over the past year, while Tuesday’s fall was the largest one-day drop since last April
Gary Cameron/Reuters
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.
A line graph shows the movement of the US dollar against six major currencies since 2020
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.
"A weaker dollar is a two-sided coin," said Steve Sosnick, a market strategist at Interactive Brokers, adding that it was good for multinational companies.
"If you have operations around the world and foreign currency revenue that will have a conversion advantage when you turn it into US dollars, that will be good. On the other, it makes imported goods more expensive and there might be some inflationary impact from that."
The dollar's slide has also propelled some rival global currencies to multi-year highs.
The Swiss franc has soared to its highest level against the dollar in more than a decade, as traders have sought out a store of wealth traditionally viewed as a haven insulated from global volatility. The franc has already climbed 3% against the dollar so far this year, after a 14% rise in 2025.
The euro has also surged to $1.20 against the dollar, setting a new milestone. The European single currency has climbed about 2% over the past week, marking its biggest weekly gain since last April, while 2025 was its best year since 2017 as it rose 13%.
Gold has continued to climb to new record highs, breaking through the level of $5,200 (£3,770) an ounce. The precious metal, which investors traditionally seek out during times of political uncertainty, has continued an extraordinary rally, after it hit $5,000 an ounce for the first time on Monday. The price of gold has jumped by almost 90% since Trump's second inauguration a little over a year ago.
Some analysts expect the dollar to weaker further, amid concerns about presidential pressure on the Federal Reserve, combined with the economic outlook in the US and its rising debt load.
The US central bank is due to announce its first interest rate decision of the year on Wednesday, when it is widely expected to keep rates on hold, despite Trump's demandsfor policymakers to cut rates.
After unprecedented attacks on the Fed's chair, Jerome Powell - whom Trump has called "stupid" and threatened to fire - the justice department has also opened a criminal investigation into Powell over renovations to the central bank's headquarters.
Powell's term as chair is due to expire in May, and Trump could name a successor soon after the interest rates decision.
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I have a little widget in the lower right hand of my monitor showing this euro/dollar exchange rate. Yesterday it went over $1.20 for the first time since I don't know when.
I took a screenshot from Google:
Is this significant? Damned if I know... but it's happening at a not-good time for MAGA.
That's the exact same thing Trump and his cadre think about a weaker America, which is why the Trumpist regime is working so hard to destroy it.
The slide in dollar value is not too worrisome, by itself. The DXY fell to about 70.70 in in March, 2008, with the onset of the Great Recession. The real concern in the 'Sell America' divestment from currency, equities, and bonds. At present, it looks like the world is hedging on America rather than abandoning America altogether.
The Pacific Rim is beginning to show economic weakness. China has fallen into a double whammy liquidity trap. The EU is searching for new markets and trade partners. And the US market is no longer the relief valve that provides quick cash for cash starved economies.
The rush to gold as a speculative hedge coupled with investments in AI (which is a middleman service) has starved productive investments in general manufacturing and production worldwide. The investments in high tech production (such as chips and robotics) are actually investments in infrastructure for AI, which is not a productive activity in and of itself.
The global fiat monetary system is showing cracks. Investors are hedging against a slowdown in global production of commodities and goods. The neoliberal monetary theories that has driven the rise of globalization and the international world order are not working.
I was surprised to come across this today:
Apple earnings soar as China iPhone sales surge
Apple on Thursday said it saw record-high earnings in the final three months of last year, with iPhone sales surging in greater China.
I was surprised to come across this today:
Apple earnings soar as China iPhone sales surge
Apple on Thursday said it saw record-high earnings in the final three months of last year, with iPhone sales surging in greater China.
I should mention that I spend some time each day following the stock market and do trade stocks and derivatives. (I don't own shares of Apple stock directly but only as part of an ETF.
I don't follow the price of dollar or other currencies-- and definitely don't trade currencies!
Actually I don't follow the values of the dollar or any other currency. I don't personally own any real estate directly although I do own some REITS ("Real Estate Investmentment Trusts") for the income..
It's a reasonably significant move in the short term, but overall not that much. The Euro is more expensive right now than it has been on average historically, but well within normal range.
A slightly weaker or stronger dollar isn't terrible, but it is something to watch over time. Too weak and we can't import anything, too strong and we can't export anything.
A slightly weaker or stronger dollar isn't terrible, but it is something to watch over time.
Actually IMO it will affect different people differently-- depending on their current financial situation and their goals.
And of course their risk tolerance.
Oh for sure. And if the trend extends for a longer timeframe, I think it's cause for concern.
I just don't think short term fluctuations are necessarily problematic.
I just don't think short term fluctuations are necessarily problematic.
Good point!
Actually today the Stock market was weird. People had been buying up gold (and Silver) for quite a while. Then today they unloaded it!
I did not own any Gold, I missed out when it was cheap. So normally I would've l;oaded up as those solks plummeted today.
But since I had missed out on precious metals I own a lot of Copper miners. (Where Gold occurs, there is often Silver in the same mine, and sometimes Copper).
I've seen $ 0.80 and $ 1.60. We bought our condo in Yuma at $ 1.35, almost guaranteeing that we'll do well when we sell it.
We've tracked the rate pretty closely since introduction in 2000. It seems to have nothing to do with purchasing power, so I assume it's inter-bank.
Organic egg prices are back to normal between $6.00 to $8.00 again since March 2025.
Regular eggs were between .89 and 1.89 depending on the size and color rating, back then.
The lowest price today at a Target and a Kroger were $2.29 and $2.99.
Pork roasts were $22.00. My friend Nolan Ryan is selling beef roasts and brisket for $33.00.
We watched families with kids taking lots of hotdogs and chicken nuggets, beef bologna...
Automotive gasoline is still jumping around $2.49 just miles from Texas refineries. The national average is $2.89. California is $4.42.
All of Mr. Trump's pre election bluster is gone. No dollar gas promises.
Immigration and deportation equal new construction slow down already slammed by lumber price increases due to the tariffs against our neighbors and allies
By edict, he wants to invade Alaska via the "Ambler Road Project" creating a road that will cross or bridge 3,000 waterways.
What could go wrong, lol.
He believes we need more rare earth, more oil discoveries which will magically lower prices.
He wants Greenland for the same reasons.
He thinks the Gulf of Mexico is his to rename.
He rules by lying and repeating his own impeachable propaganda.
Pogo was right.