US Dollar Hovers Near Four Year Low After Trump Comments Trigger Sharp Selloff

The US dollar hit a four-year low after President Trump brushed off its recent decline. European officials now worry about the euro's impact on inflation.

The U.S. USUS dollar steadied near a four-year low on January 28, 2026, after comments from U.S. USUS President Donald Trump donald trump were interpreted by traders as a signal to intensify dollar selling. When asked if the currency had declined too much, Donald Trump donald trump described the value of the dollar as "great," a remark that triggered an immediate reaction across the Forex market. This move contributed to large weekly losses for the dollar, which has declined nearly 2.7% since the previous Wednesday, marking its steepest weekly loss since April.
U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
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