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

US dollar sinks to its lowest level in four years

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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