DXY: Dollar Hits Four-Year Low After Trump Says US Currency Is “Doing Great”

Greenback’s index hit levels near 96.00 after Trump said its value hasn’t fallen too low.

💬 Presidential Seal of Approval

• The US dollar index DXY slid to levels near 96.00, its weakest in four years, shortly after Donald Trump brushed off concerns and declared the dollar was “doing great.” Markets disagreed, though.
• The greenback dropped about 1.3% against a basket of major currencies in a single session, extending losses to roughly 2.6% since the start of 2026.

🌍 FX World Smells Opportunity

• The euro sprinted to $1.2040 and the pound jumped to $1.3840, both marking their strongest levels since mid-2021.
• The yen joined the party, rallying for a third straight day and touching ¥152.30 per dollar, a level that a few months ago marked the start of a continued selloff. Momentum traders love symmetry like that.
• This broad-based move signals a classic “Sell America” rotation: investors lighten exposure to US assets and spread risk across currencies with steadier policy optics.

🏆 Gold Says Thanks

• Gold (XAU/USD) punched through $5,290 per ounce, building on a 3% surge from the prior session as currency traders sought something that does not come with press conferences attached.
• A weaker dollar makes dollar-priced assets cheaper for foreign buyers, often fueling demand for metals. That dynamic is playing out cleanly, with bullion acting like the FX market’s emotional support animal.
• Bottom line: as long as dollar weakness meets verbal reassurance instead of resistance, gold and major FX pairs look happy to keep pressing their advantage.