Reported 2 days ago
The US dollar dropped significantly against major currencies following reports that President-elect Donald Trump is considering limiting tariffs to critical imports, easing inflation concerns. The Bloomberg Dollar Spot Index fell by 0.9%, marking its largest decline in two months, with the euro rising over 1% against the dollar. Analysts suggest that a narrower tariff approach could relieve potential inflationary pressures and boost market risk sentiment, indicating a cautious strategy from Trump's administration.
Source: YAHOO