US Dollar (USD) Slips in Thin Trading Hours Before Trump’s Inauguration

US Dollar (USD) Slips in Thin Trading Hours Before Trump’s Inauguration

The dollar fell sharply on a reportBloomberg Terminal that US President-elect Donald Trump would refrain from implementing aggressive tariffs immediately after his inauguration later in the day.

A Bloomberg gauge of the dollar extended losses to as much as 1.2% as the Wall Street Journal reported Trump will stop short of imposing new tariffs on his first day in office. The index was on track for its biggest daily loss since November 2023.

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