00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. dollar recorded its biggest one-day...
00:05...declined since April's tariff turmoil after Trump said he was not concerned about the recent slide...
00:10...in the currency, according to the Wall Street Journal.
00:12The Wall Street Journal dollar index fell 1.1%...
00:15...to its lowest close since April 2022 and extended losses to four straight...
00:20...sessions, down 2.6%.
00:22The dollar weakened amid concerns about U.S....
00:25...economic leadership following Trump's bid to take Greenland and speculation that foreign investors...
00:30...could sell U.S. assets.
00:31The currency also fell against the yen after the Treasury Department...
00:35...conducted a rate check that fueled speculation it could buy yen.
00:38Traders also cited expectations...
00:40...for a new Federal Reserve chair favoring lower rates.
00:43Threats to central bank independence...
00:45...and a rising budget deficit.
00:47Trump said a weaker dollar was great...
00:50...reported to business activity...
00:51...reinforcing speculation that his administration would tolerate dollar...
00:55...weakness.
00:56For all things money, visit Benzinga.com.
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