Dollar Weakness Spikes as Trump Administration Pursues Weaker Currency

The US dollar has been experiencing weakness over the past four weeks, its worst performance since the Liberation Day tariff announcements in April last year.

This period of decline began after Japan sold dollars for yen and the US administration portrayed this action as a joint effort, although it was not entirely accurate.

The move is seen by market participants as a signal that the Trump administration wants to engineer a weaker dollar to address concerns over trade deficits.