US dollar sinks to its lowest level in 4 years
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The WSJ Dollar Index fell 0.15% — down eight of the past 10 trading days.
The dollar held higher on the day on Friday after U.S. President Donald Trump said he had appointed former governor Kevin Warsh as chair of the U.S. Federal Reserve.
The US Dollar Index hits a 4-month low amid yen intervention talk, raising big questions for crypto markets in 2026.
The value of the U.S. dollar plunged after President Donald Trump said he was not concerned about the currency's recent drop.
The U.S. dollar index, which tracks the American greenback against a basket of foreign peers, rose 0.4% on Wednesday following Bessent's comments. The index on Tuesday saw its biggest one-day slide since April and fell to its lowest level since 2022.
NY Fed's USD/JPY rate checks signal potential currency intervention similar to 1985 Plaza Accord, which weakened the dollar by 50%.
As gold hits record highs and the dollar weakens, here's what investors should know about the shifting dynamics.
The U.S. has a strong dollar policy and that means setting the right fundamentals, U.S. Treasury Secretary Scott Bessent said on Wednesday, while denying that Washington was intervening in currency markets to support the Japanese yen.
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Dollar plummets to four-year low amid Trump's tolerance
Amid speculation that the U.S. and Japan may intervene in the foreign exchange market to induce yen strength, U.S. President Donald Trump made remarks seemingly tolerating dollar weakness, causing the dollar’s value to plummet to its lowest level in four years.