As political and economic tensions drive investors to alternative assets, the currency has hit its lowest level since early 2022.

Gold surged to a record high above $5,300 an ounce, extending a breakneck rally fueled by US dollar weakness and a flight from sovereign bonds and currencies.

The pound dipped after surging to a 4-month high the previous day as comments from U.S. President ⁠Donald Trump deepened investors' concerns about the dollar.

The American dollar continued to plummet against other currencies on Tuesday, leaving one currency expert to wonder if the United States administration is looking to devalue the greenback on purpose.

President Donald Trump’s relaxed tone about the dollar selloff is fueling speculation the US currency is at the start of a longer-term decline.

Not nearly as much as it could be

The U.S. dollar fell to its lowest level in four years on Tuesday despite President Donald Trump claiming it was “doing great” in a speech in Iowa.

Piper Sandler's Craig Johnson, Stifel's Brian Gardner and Wedbush's Joel Kulina weigh in on the major topics of the day, including the dollar's weakness, how that's playing in Washington and on Wall Street,