Finance
Dollar hits 4-year low as Trump calls dollar \'great\', accelerating slide
The dollar dropped to its lowest level in 4 years as concerns persisted about confidence in dollar-denominated assets and as expectations grew that U.S. and Japanese currency authorities could intervene to support the yen. The dollar index fell 1.2 percent to 95.86. The dollar has weakened for 4 straight sessions amid concerns over Federal Reserve independence and after Trump’s threat to annex Greenland. Trump’s comments and U.S. shutdown risks also weighed.
