{"id":263383,"date":"2026-01-29T08:49:15","date_gmt":"2026-01-29T08:49:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/263383\/"},"modified":"2026-01-29T08:49:15","modified_gmt":"2026-01-29T08:49:15","slug":"greenback-drops-to-lowest-since-2022-after-trump-embraces-weaker-dollar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/263383\/","title":{"rendered":"Greenback Drops to Lowest Since 2022 After Trump Embraces Weaker Dollar"},"content":{"rendered":"

The dollar hit its lowest level since early 2022 after President Donald Trump said he was at ease with its recent decline.<\/p>\n

Written by:
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\n Olumide Adesina
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\u2022
\n Thursday, January 29, 2026
\n \u2022
\n 1 min read<\/p>\n

\n \u2022
\n Last updated: Thursday, January 29, 2026\n <\/p>\n

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Quick overview<\/p>\n

The dollar reached its lowest level since early 2022 after President Trump expressed no concern over its decline.Trump’s comments raised fears that his unpredictable policies could drive foreign investors away from the US.The dollar fell against all major currencies, with the Bloomberg Dollar Spot Index losing up to 1.2 percent.Factors contributing to the dollar’s decline include rising yen values and Trump’s controversial policy decisions.<\/p>\n

The dollar hit its lowest level since early 2022 after President Donald Trump said he was at ease with its recent decline. When asked if he was concerned about the currency\u2019s decline on Tuesday, Trump told reporters in Iowa, \u201cNo, I think it\u2019s great.\u201d<\/p>\n

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Look at the business we\u2019re doing, and I believe in the value of the dollar. The dollar is doing very well. \u201cTrump\u2019s remarks fueled concerns that his unpredictable policy changes would cause foreign investors to withdraw from the US, adding fuel to what was already the dollar\u2019s biggest decline since his tariff rollout sent markets into a tailspin last year.\u201d.<\/p>\n

The US dollar declined against all of its major rivals, causing the Bloomberg Dollar Spot Index to extend losses to as much as 1.2 percent before stabilizing in Asian trading on Wednesday. Treasury Secretary Scott Bessent has emphasized the difference, and the president has long accused other nations of seeking lower exchange rates to increase exports.<\/p>\n

The sharp increase in the yen since last week, as traders prepared for a possible intervention by Japanese authorities to support that country\u2019s currency, contributed to part of the dollar\u2019s decline. However, Trump\u2019s erratic policies, which have alarmed foreign allies and investors, have also contributed to the dollar\u2019s decline.<\/p>\n

These include his threats to annex Greenland, his pressure on the Federal Reserve, tax cuts that increased the deficit, and a leadership style that has further polarized US politics.<\/p>\n

The weakness has occurred in spite of rising yields on government bonds and expectations that the Fed will halt interest rate cuts at this week\u2019s meeting, both of which would have historically been viewed as favorable to the currency. In fact, Trump has made it clear that he wants interest rates to be significantly lower, which would further depress the dollar\u2019s value<\/p>\n

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Olumide Adesina <\/p>\n

\n Financial Market Writer\n <\/p>\n

\n Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.\n <\/p>\n

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