The Globe and Mail reports in its Tuesday, Jan. 27, edition that the greenback is facing challenges, leading investors to rethink their expectations for currency stability.
A Reuters dispatch to The Globe reports that the dollar was on track Monday for its largest three-day drop against major currencies since last April, following President Trump's "Liberation Day" tariffs that triggered a significant selloff in U.S. assets.
In his first year, Mr. Trump's erratic trade and diplomatic approach, attacks on the Federal Reserve, and increased public spending led to a 10-per-cent decline in the dollar.
The dollar is again underperforming other major currencies including the euro, sterling and Swiss franc.
Market volatility remains high, and bond market sentiment is shaky due to a selloff in Japanese government debt that may affect Treasuries. Meanwhile, gold's surge to new records indicates that investors are looking for alternative safe havens. Reuters says Mr. Trump s domestic policies could prompt another government shutdown this month.
The Fed is expected to cut interest rates twice this year, while other central banks may pause or raise rates, making the dollar less appealing to investors.
© 2026 Canjex Publishing Ltd. All rights reserved.