Trump: I'm not worried about the dollar depreciating; I can let it rise and fall like a yo-yo.

According to ME News, on January 28 (UTC+8), US President Trump stated that he believed the dollar's depreciation was not significant, calling it "performing well," and anticipating fluctuations in currency value. When asked by reporters if he was worried about the dollar's depreciation, Trump said, "No, I think the dollar is performing very well. I want it to return to where it belongs, which is a reasonable thing to do." Trump also hinted that he could manipulate the dollar's exchange rate, saying, "I can make it bounce like a yo-yo." However, he described this as an unfavorable outcome, comparing it to hiring unnecessary workers to embellish employment data, while criticizing Japan's attempt to devalue its currency. The US Dollar Index (DXY) initially rose slightly after Trump's comments, then fell sharply by more than 50 points, hitting a new low since February 2022. Non-US currencies rallied, with the offshore yuan briefly approaching the 6.93 level against the dollar, and gold continuing to reach new highs above $5180 per ounce. (Source: ME)