00:00The dollar is dropping and President Donald Trump is signaling that he's comfortable with
00:05it. The dollar dropped as much as 1.2% on Tuesday, its biggest decline.
00:10Since April last year, what spurred this? Trump's reply when he was asked if he was worried
00:15about the currency's drop.
00:17Mr. President, with the current value of the dollar, do you think it's...
00:20No, I think it's great. I mean, the value of the dollar, look at the business we're doing.
00:25The dollar is doing great.
00:27The dollar weakened against every major...
00:30The currency in the world, in Asia, the Japanese yen to the Korean one will be in focus.
00:35Investors seized on his comments as another reason to turbocharge selling of the euro.
00:40US currency.
00:41Now remember, the dollar has been falling for a while.
00:44Trump sent...
00:45Markets and the dollar into a tailspin last year during his tariff roll-up.
00:50I'm...
00:50Springfield has been...
00:51Back to the last year.
00:52...to make some predictable US policy including Trump's threats to take over Greenland along
00:54with pressure on the...
00:55Federal Reserve have all made investors more and more wary on the dollar.
01:00Why is this important? The dollar dominates trade. It's on nearly 90% of all.
01:05foreign exchange transactions every single day. And it's the backbone of global finance.
01:10A sudden massive fall in the dollar could trigger economic disruption, make countries less.
01:15competitive on exports and ramp up volatility across everything from stocks to.
01:20bonds to credit. So as the dollar continues to fall, keep an eye also on who the.
01:25biggest winners are and what it means for economies around the world.
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