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. “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 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.

Source: The Guardian January 28, 2026 11:12 UTC