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The U.S. dollar just fell to its lowest level in 4 years. Here's why.
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Mr. Trump's view of the dollarDuring an appearance in Iowa on Jan. 27, Mr. Trump was asked if the dollar had fallen too far, according to the Wall Street Journal.
Mr. Trump's comments fueled speculation among investors that the White House favors a weaker dollar, which can boost exporters by making American-made goods cheaper for foreign companies and consumers.
Mr. Trump wrote on Thursday.
Rate cuts could weaken the dollar by prompting investors to shift out of U.S.-based assets such as Treasuries in search of higher returns elsewhere.
A new Fed chair aligned with Mr. Trump's views could give the dollar more room to fall, experts said.