Reported about 7 hours ago
The dollar faced significant losses after President Donald Trump's inauguration speech indicated that new tariffs would be imposed in a measured manner rather than broadly. This news alleviated concerns for trade-sensitive currencies, causing the dollar index to drop by 1.2%, while the euro and Australian and New Zealand dollars gained strength. Market reactions reflect cautious optimism about potential gradual changes in trade policy and the anticipation of upcoming economic data.
Source: YAHOO