President Donald Trump said he did not think the value of the US dollar had declined too much, saying it was “doing great” and he expected currency values to fluctuate.

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The U.S. dollar is extending declines and trading at session lows after President Trump said he wasn't concerned about the recent slide in the U.S. currency. "No, I think it's great," Trump told reporters in Iowa.

A weakening dollar causes concern because it diminishes the purchasing power of U.S. businesses and consumers and can lead to higher inflation.

World shares sat around record highs on Tuesday, as investors hoped for the best from this week's barrage ​of U.S. large-cap earnings, and while President Donald Trump's latest tariff threats left stocks largely unmoved,

The dollar fell to $0.83 against the Euro on Tuesday, the lowest it's been since June 2021, after President Donald Trump said that he doesn't care about its continued decline. “No, I think it’s great,