The U.S. dollar just fell to its lowest level in 4 years. The sinking U.S. dollar The U.S. dollar has lost value against other major currencies, reaching a four-year low this week. “The value of the dollar — look at the business we’re doing.”After his comments, the dollar continued its slide, dropping nearly 1%. “The Fed should substantially lower interest rates, NOW!” Mr. Trump wrote on Thursday. A new Fed chair aligned with Mr. Trump’s views could give the dollar more room to fall, experts said.