Dollar Hits 4-Year Low on Trump Remarks

2026-01-28 01:37 By Jam Kaimo Samonte 1 min. read

The dollar weakened for a fifth straight session to 96 on Wednesday, reaching a new four-year low, as President Trump said he was not concerned about the currency’s recent decline, adding that it had not fallen too much.

The remarks reinforced market perceptions that the administration is comfortable with a softer dollar as it makes exports more competitive.

The greenback was also pressured by heightened policy uncertainty in Washington, including Trump’s renewed threats to take over Greenland and criticism of the Federal Reserve’s independence.

In addition, growing speculation over a potential joint US-Japan currency intervention to support the yen weighed further on the dollar.

Meanwhile, the Federal Reserve is widely expected to keep interest rates unchanged later in the day, with markets focused on any guidance regarding the timing of the next rate cut amid expectations for two quarter-point reductions before year end.



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