Dollar Index Hits 4-Year Low: Trump's Weak Dollar Stance Fuels Decline

• The US dollar recorded its fourth consecutive daily decline, reaching its lowest level since 2022.
• President Trump's statement, "No, I like it. Look at the business, the dollar is doing well," accelerated the dollar's fall.
• The Bloomberg Dollar Spot Index fell by about 1.2%, and the Dollar Index (DXY) saw its biggest single-day decline since April.
• Analysts suggest Trump's remarks signal a US government preference for a weaker dollar, encouraging traders to sell.
• Despite rising bond yields, investors are moving towards safe-haven assets like gold, which has reached record highs.

Why It Matters: President Trump's comments favoring a weak dollar have significantly contributed to its decline to a 4-year low.