Dollar suffers worst one-day slide since last April after Trump says currency hasn't fallen too low
Published Tue, Jan 27 2026
5:08 PM EST
Updated 2 Hours Ago
Scott SchnipperWATCH LIVEKey Points
- The U.S. dollar fell about 1.3% on Tuesday, posting its worst day since April 10, 2025. It touched its lowest level since February 2022.
- During his visit to Iowa, President Donald Trump was asked whether he was comfortable with the current value of the greenback.
- "I think it's great," Trump said of the weaker dollar.
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U.S. Dollar tumbles after Pres. Trump says he isn't concerned about its decline
Closing Bell: OvertimeThe U.S. dollar fell about 1.3% on Tuesday, the most since last April, after President Donald Trump declined to say that the currency had fallen too much.
Speaking to reporters during a visit to Iowa to promote his economic record, Trump was asked if he was comfortable with the current value of the greenback and if he thought it had fallen too much after sliding 10% over the past year.
"I think it's great," Trump said of the weaker dollar. "I mean the value of the dollar, look at the business we're doing. No, [the] dollar is doing great. You know it's very interesting, if you look at China or Japan, I used to fight like hell with them because they always wanted to devalue their yen ... you know that, the yen and yuan, and they'd always want to devalue it. They devalue, devalue, devalue. And I said, 'not fair.' They devalue, because it's hard to compete when they devalue."
The Dollar Index, which tracks the U.S. currency against six leading trading partners (but not China), fell the most in a single day since last April 10, when it tumbled almost 2% amid mounting trade disputes and U.S. threats to impose a 145% tariff on China. That same day, the S&P 500 slid 3.5% and the Nasdaq Composite sank 4.3%.Â
On Tuesday, the dollar also dropped to its lowest level since February 2022.
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Dollar index futures over the past year