US dollar sinks to its lowest level in four years

"The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency's fall, sending investors fleeing to traditional havens including gold and the Swiss franc. The dollar dropped by 1.3% against a basket of currencies after the president's comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning."

"A weaker dollar is a two-sided coin, said Steve Sosnick, a market strategist at Interactive Brokers, adding that it was good for multinational companies. If you have operations around the world and foreign currency revenue that will have a conversion advantage when you turn it into US dollars, that will be good. On the other, it makes imported goods more expensive and there might be some inflationary impact from that."

"The Swiss franc has soared to its highest level against the dollar in more than a decade, as traders have sought out a store of wealth traditionally viewed as a haven insulated from global volatility. The franc has already climbed 3% against the dollar so far this year, after a 14% rise in 2025."

The US dollar fell to its lowest level in four years, dropping 1.3% after presidential comments and slipping a further 0.2% the next morning, marking multiple days of decline. The greenback has tumbled about 10% over the past year, with the recent one-day fall the largest since last April's tariff announcements. Unpredictable US policymaking and fresh geopolitical shocks pushed investors toward traditional havens such as gold and the Swiss franc. The franc has reached multi-year highs and climbed about 3% this year after a strong 2025. A weaker dollar helps multinationals convert foreign revenue but raises import costs and could add inflationary pressure. The euro has also strengthened to around $1.20 against the dollar.

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