US Dollar Hits Four-Year Low; Trump Says 'It's Great' for Economy

• The US Dollar index experienced its largest single-day drop since April last year, reaching levels last seen in February 2022.
• President Donald Trump expressed satisfaction with the dollar's weakness, stating, "I think it’s great" and that "The dollar’s doing great."
• Trump hinted at his ability to manipulate the currency, saying, "I could have it go up or go down like a yo-yo."
• The dollar's decline is partly attributed to the Japanese Yen's revival and underlying factors like Trump's pressure on the Fed, fiscal outlook worries, and political polarization.
• Trump advocates for a weaker dollar to boost export competitiveness and reduce the trade deficit, citing devaluation practices by China and Japan.

Why It Matters: US Dollar falls to a four-year low, but President Trump views it positively for the economy.