Lizzie Burden

The latest remarks come after repeated threats from the White House to launch another attack on Iran over recent crackdowns on domestic protests rather than nuclear activities.

Iran's mission to the United Nations said it's ready for dialogue but will respond like never before if pushed.

And I'm Lizzie Burden.

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I'm Lizzie Burden.

The dollar is close to its weakest level in four years after suffering its deepest one-day drop since last year's US tariff rollout.

The sudden decline came after President Trump said he didn't think the currency had weakened excessively.

The president was asked by reporters whether he was worried about the currency's drop.

After Trump spoke, the Bloomberg Dollar Spot Index extended losses against all of its major counterparts before steadying in Asian trading.

The latest moves come as the greenback had its worst year since 2017 last year.

The dollar's recent drop comes despite a rise in government bond yields and expectations that the Fed is poised to pause rate cuts at today's meeting.

The president, meanwhile, has long accused other countries of seeking weaker exchange rates to boost exports, saying last year, quote, I'm the person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money.

But Goldman Sachs Vice Chair Robert Kaplan says prolonged dollar weakness brings with it a number of dangers for the US economy.

Robert Kaplan speaking there as investors have increasingly shifted into gold in what's becoming known as the debasement trade.

The price of bullion rose as much as 1.5%, having jumped 3.4% yesterday to hit a new record high above $5,200 an ounce.

Meanwhile, shares in LVMH fell more than 6% at the European Open as the group's key fashion unit struggled with weak holiday season demand.

The firm revealed yesterday that organic sales in its fashion and leather goods division fell 3% in the quarter.

That's more than analysts expected.

The news comes as luxury companies struggle to bounce back from a slowdown that followed the post-pandemic boom as cost of living pressures and geopolitical uncertainty weigh on spending.