The US is trying to balance high deficits, high debt, and also the need to provide dollars to the world to maintain reserve-currency status
The US dollar has reached a four-year low, having dropped 2.3% in January following a 9% decline in 2025. However, US President Donald Trump seems unfazed by the downturn, calling the level of the greenback “great” in comments on Tuesday.
But Trump’s position on the dollar has hardly been consistent – or even coherent. In July 2025, he said “I will never say I like a low currency,” adding “I’m the person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money.”
What Trump really…
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