28.01.2026 07:21
U.S. President Donald Trump stated that he does not believe the U.S. dollar has lost too much value, expressing that the dollar is in "great" condition. Despite Trump's statements that "the dollar is doing great," the markets reacted in the opposite direction; the dollar index fell to its lowest level in four years, while the euro/dollar exchange rate reached its highest level since 2021.
U.S. President Donald Trump made statements regarding the value of the U.S. dollar to reporters in Iowa.
"THE DOLLAR IS DOING GREAT"
In response to a question about the depreciation of the dollar, Trump said he did not think the dollar had lost too much value. Trump stated, "No, I think it's great. Look at the work we're doing. No, the dollar is doing great."
STATEMENT ON CHINA AND JAPAN
Trump mentioned that he used to struggle a lot with China and Japan because they wanted to devalue their currencies, stating that it was unfair and that competition became harder when they lowered the value of their money.
"I COULD HAVE MOVED IT UP AND DOWN LIKE A YO-YO"
Trump noted that the dollar was trying to find its own level, emphasizing that this was fair. U.S. President Trump said, "(The dollar) could have been moved up or down like a yo-yo."
INDEX FELL TO ITS LOWEST LEVEL IN 4 YEARS
Following Trump's statements, the dollar index, which measures the value of the U.S. dollar against the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona, fell to 95.6, reaching its lowest level in 4 years. In international markets, the euro/dollar exchange rate also rose to 1.20, marking its highest level since 2021.