Trump Remarks Send Dollar to Four-Year Low as Gold Hits Record High

Trump triggered a sharp decline in the dollar to its lowest level since February 2022 after suggesting he welcomed a weaker currency during a visit to Iowa. The dollar fell 1.3% against major peers while gold prices reached a record high and the Swiss franc climbed to a ten-year peak. Financial analysts suggest the administration is pursuing a strategy to boost USA exports through currency devaluation despite potential risks of higher inflation.The euro reached a milestone of $1.20 and the British pound hit $1.38 following the largest single-day drop in the dollar since April 2025. While multinational companies may benefit from increased foreign revenue, experts warn that the rising cost of imported goods could impact domestic consumers.Asian stock markets reacted positively to the news with gains in Hong Kong and South Korea as investors adjusted to the changing economic outlook.