特朗普说美元下跌“极佳”，然后美元指数跌至近4年来新低

Core Viewpoint - The recent significant decline of the US dollar has been welcomed by President Trump, who believes it could help reduce the trade deficit, although he does not seek further depreciation [1][3]. Group 1: Dollar Performance - The US dollar index has dropped to a four-year low, falling 9% last year, marking its worst performance since 2017 [1][3]. - On January 27, the dollar index fell to 95.566, the lowest since February 2022, while the euro and pound reached their highest levels since mid-2021 [3]. Group 2: Market Reactions - The decline in the dollar has benefited some companies by lowering the cost of converting overseas profits into dollars and enhancing the international competitiveness of US exports [3][4]. - The weakening dollar has also eased the debt repayment pressure for foreign countries and companies with dollar-denominated debts [3]. Group 3: Investor Sentiment - The drop in the dollar reflects investor concerns about the strength of the US economy, potentially increasing import costs and inflationary pressures [3][5]. - Market participants are increasingly skeptical about the stability of the dollar, with ongoing themes of "selling America" as international investors doubt the end of the dollar's decline [4][5]. Group 4: Economic Factors - Factors contributing to the dollar's pressure include expectations of continued interest rate cuts by the Federal Reserve, uncertainties surrounding tariff policies, and the widening US fiscal deficit [5][6]. - Speculation about potential coordinated intervention by the US and Japan to support the yen has also added pressure on the dollar [5]. Group 5: Long-term Outlook - Analysts suggest that the Greenland issue has reignited risk premiums on the dollar, indicating long-term adverse effects on the currency as investors may reduce their dollar asset allocations [7]. - Many investors anticipate further weakening of the dollar by 2026, with ongoing reasons to remain bearish on the currency [7].