US Dollar Plunges 4-Year Low After Trump's 'Weak Dollar' Remark

• The US dollar experienced its largest single-day drop in four years, falling 1.3% on Tuesday.
• President Donald Trump's statement that he is 'comfortable' with a weak dollar triggered the sharp decline.
• The dollar index hit its lowest level since February 2022, extending its 10% annual slide.
• Trump's remarks suggest a weak dollar could be an unofficial economic strategy, benefiting US exports and multinational companies.
• Market focus now shifts to Fed statements, Treasury yields, and further indications from Trump regarding dollar policy.

Why It Matters: Trump's casual remark about a weak dollar caused its biggest drop in 4 years, signaling a potential policy shift.