economy
January 28, 2026
US dollar sinks to its lowest level in four years
Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide

TL;DR
- The US dollar has fallen to its lowest level in four years.
- Donald Trump brushed off concerns about the dollar's fall, stating it was "great" for business.
- Investors are fleeing to traditional havens such as gold and the Swiss franc.
- The dollar has dropped by 1.3% against a basket of currencies and is down 10% over the past year.
- The Swiss franc has soared to its highest level against the dollar in over a decade.
- The euro has also surged to $1.20 against the dollar.
- Gold has reached new record highs, breaking through $5,200 an ounce.
- Analysts expect the dollar to weaken further due to concerns about presidential pressure on the Federal Reserve and the US economic outlook.
- Jerome Powell, the Federal Reserve chair, faces scrutiny and a potential criminal investigation.
- The Federal Reserve is expected to keep interest rates on hold despite Trump's demands for cuts.
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