Dollar drops to four‑year low after Trump comments. The US dollar fell 1.3% against a basket of currencies on Tuesday, the largest one‑day drop since last April, and slipped another 0.2% on Wednesday morning. President Donald Trump brushed off concerns over the slide, saying the dollar is doing great and that his economic record is strong. The greenback has tumbled 10% over the past year. Investors moved to traditional havens, buying gold and the Swiss franc, which rose to a decade‑high. The euro also climbed to $1.20, a new milestone, while gold broke $5,200 an ounce. Analysts warn the dollar may weaken further amid worries about presidential pressure on the Federal Reserve. The fall has pushed rivals to multi‑year highs, boosting the Swiss franc, euro and gold, and sending investors into safe‑haven assets.
Economy
Dollar drops to four‑year low after Trump comments
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