US dollar hits 4-year low after Trump says it’s ‘doing great’

The US president said he wanted the currency to “just seek its own level”

The US dollar suffered its worst single-day decline in nearly a year on Tuesday, plunging to a four-year low after President Donald Trump publicly welcomed the American currency’s weakness.

The Bloomberg Dollar Spot Index, a key gauge of the greenback’s strength against other major currencies, recorded its steepest drop since last April, tumbling to its lowest level since February 2022.