The US dollar remained under pressure near a four-year low on Wednesday after President Donald Trump played down the currency’s recent weakness, prompting fresh selling of the greenback and lifting major rivals such as the euro, yen, and sterling ahead of the Federal Reserve’s policy decision.

The U.S. dollar languished near four-year lows following President Trump's comments that seemed to encourage its decline. Amidst heightened selling of the dollar, other currencies including the yen and euro surged.

SINGAPORE, Jan 28 (Reuters) - The U.S. dollar was grappling with a "crisis of confidence" as it struggled near four-year lows on Wednesday after President Donald Trump brushed off its recent weakness, exacerbating the dollar selling and lifting the yen, euro and sterling.

U.S. dollar has fallen 10.7% year-over-year, declining against major currencies amid mounting debt, rate divergence, and geopolitical risks.

The U.S. dollar experienced a decline on January 20, as geopolitical tensions in Greenland escalated, affecting currency exchange rates. The euro and

The U.S. dollar was weakening Tuesday after an escalation in geopolitical tensions involving President Donald Trump’s desire to buy Greenland — but some analysts expect the euro would have a bigger problem in ‘a meltdown in the E.

The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war. There’s been a shift in trading volumes. Around 15% to 30% of contracts tied ...

The latest de-dollarization movement started in 2022 when the U.S. imposed all-encompassing sanctions against Russia following Russia's invasion of neighboring Ukraine. Various world leaders took umbrage at the idea that the U.S. could freeze their funds due to any sort of diplomatic or military dispute.