Former President Trump made a surprising statement regarding the U.S. dollar, suggesting it may continue to lose value. When asked if he was concerned about the dollar's decline, Trump replied, "No, I think the dollar is doing very well."

This comment has intensified the dollar's recent downturn, which is experiencing its most significant sell-off since last weekend. The DXY index has fallen to its lowest level in nearly four years.

Reasons for the dollar's sharp decline include:
- Last week, the New York Fed unexpectedly conducted a currency swap operation involving the USD/JPY pair, fueling speculation that the Fed may coordinate with the Bank of Japan to sell USD and buy JPY. This is seen as part of a broader collaboration to strengthen the Japanese yen and expand its defense budget.
- The Trump administration has repeatedly expressed a desire for a weaker dollar to enhance the competitiveness of U.S. goods and bring manufacturing back to the country. Trump's recent remarks have been interpreted by the market as a green light for this strategy.

However, many analysts believe the dollar's decline may pause starting tomorrow due to:
- There has been no confirmation of actual intervention from the Fed or the Bank of Japan; current actions are merely signals. Treasury Secretary Bessent may only be indicating a desire for the market to support the yen. Actual intervention is often viewed negatively from a political standpoint, as seen in Argentina.
- Tonight, the Fed is expected to announce its interest rate decision, likely keeping rates unchanged. Chairman Powell may provide positive signals about the U.S. economy during the press conference.

Meanwhile, investment continues to flow into gold, pushing the precious metal to a new record high of $5,200 per ounce.