A lower dollar brings mixed effects, boosting the competitiveness of US exporters but inflicting higher prices on cash-strapped consumers for imported goods. But that pullback came after the US currency had rallied almost six percent between Trump's Election Day win in November 2024 and his inauguration. -The greenback moved sharply lower Tuesday after Trump was asked if he thought it had dropped too much. Pesole ties the dollar's recent bout of weakness to a renewal of the "sell America" trade following Trump's threats of new tariffs on Europe over Greenland. Powell's replacement by a Fed chair who favors significantly lower interest rates would lend further downward pressure on the dollar.

Source: Bangladesh Sangbad Sangstha January 30, 2026 03:26 UTC