The U.S. dollar fell astir 1.3% connected Tuesday, the astir since past April, aft President Donald Trump declined to accidental that the currency had fallen excessively much.
During a sojourn to Iowa to beforehand his economical record, Trump was asked if helium was comfy with the existent worth of the greenback and if helium thought it had fallen excessively overmuch aft sliding 10% implicit the past year.
"I deliberation it's great," Trump said of the weaker dollar. "I mean the worth of the dollar, look astatine the concern we're doing. No, [the] dollar is doing great. You cognize it's precise interesting, if you look astatine China oregon Japan, I utilized to combat similar hellhole with them due to the fact that they ever wanted to devalue their yen ... you cognize that, the yen and yuan, and they'd ever privation to devalue it. They devalue, devalue, devalue. And I said, 'not fair.' They devalue, due to the fact that it's hard to vie erstwhile they devalue."
The Dollar Index, which tracks the U.S. currency against six starring trading partners (but not China) fell arsenic overmuch successful a azygous time was past April 10, erstwhile it tumbled astir 2% amid mounting commercialized disputes and U.S. threats to enforce a 145% tariff connected China. That aforesaid day, the S&P 500 slid 3.5% and the Nasdaq Composite sank 4.3%.
On Tuesday, the dollar besides dropped to its lowest level since February 2022.
Dollar scale futures implicit the past year
English (US) ·