Trump Says Dollar Is "Doing Quite Well" Despite Recent Decline to Near 4-Year Low

President Donald Trump stated on January 27, 2026, that he is not concerned about the dollar's recent depreciation, describing the currency as "doing quite well" and "finding a fair level." His comments come as the U.S. dollar index hit its lowest level since February 23, 2022, following two days of heavy selling. Trump compared the dollar's potential fluctuations to a "yo-yo" and accused countries like China and Japan of historically seeking to devalue their currencies. The remarks were made ahead of the Federal Reserve's upcoming policy decision, with markets widely expecting rates to remain unchanged due to resilient economic growth and low unemployment.