The Journal. · The Wall Street Journal & Spotify Studios

The Dollar Is Weaker. Is That a Good Thing?

February 3, 2026·20 min·1 clip
The dollar plunged in a single day, but President Trump says it's great—why does he want a weaker currency?
This episode explores the recent weakening of the U.S. dollar, analyzing its causes under Trump's policies like tariffs and Fed interference, and debating whether a weaker dollar benefits U.S. trade or risks global financial stability.

As heard by us

A measured look at why a weaker dollar can signal fading confidence, without overstating the end of dollar dominance.

The Journal frames the weaker dollar as a confidence story, not just a currency move. Greg Ip explains why the dollar became the default language of global business, then ties its recent slide to investor unease around tariffs, geopolitical tension, and pressure on the Federal…

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Why you'd press play

If you want the story behind a dollar that's slipped lately without losing its role as the world's default money.

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