The U.S. dollar struggled near four-year lows on Wednesday after President Donald Trump brushed off its recent weakness, exacerbating greenback selling and lifting the yen, euro and sterling ahead of the Federal Reserve policy decision.

The U.S. dollar fell to its lowest level in four years on Tuesday despite President Donald Trump claiming it was “doing great” in a speech in Iowa.

President Donald Trump said on Tuesday the value of the dollar was “great,” when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low.

The dollar paused for breath on Wednesday after ​a selloff turned into a rout when U.S. President Donald Trump seemed to shrug off recent weakness ‌for the global reserve currency, while stocks scaled record highs on optimism about earnings.

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The dollar fell to $0.83 against the Euro on Tuesday, the lowest it's been since June 2021, after President Donald Trump said that he doesn't care about its continued decline. “No, I think it’s great,

The U.S. dollar (DXY) slid to a near four-year low on Tuesday, extending recent losses after President Donald Trump downplayed concerns over the currency’s decline and struck an optimistic tone on its performance.