The U.S. dollar hits a four-year low against a basket of currencies, driven by President Trump’s comments calling it “great”, exacerbating its decline. Trader opinions: a weaker dollar benefits multinationals but raises inflation concerns, leading to bond market shifts and dollar hedging by foreign investors. The Treasury’s actions and Trump’s statements fuel further dollar selling, prompting market uncertainty. Trump seeks lower dollar for export benefits, but market reactions remain uncertain.

Read more at Yahoo Finance: Dollar sinks to four-year low, Trump brushes off the decline