Rather, the currency tumbled after President Trump publicly dismissed concerns about the dollar’s decline, reinforcing the market’s view that Washington is unlikely to resist a weaker exchange rate. When asked about the dollar’s 10 percent drop in 2025, he shrugged it off.

The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday. The weakness was exacerbated by President Donald Trump saying the dollar's value was "great", when asked whether he thought it had declined too much.