Dollar falls as markets ponder proposed Trump tariffs, US data in focus
Donald Trump
The U.S. dollar was close to a one-week low on Tuesday as markets await U.S. economic data while assessing whether President-elect Donald Trump's policies on tariffs will align with his rhetoric. Investors have been pricing in a scenario where the implementation of widespread tariffs could boost U.S. inflation, potentially limiting the Federal Reserve's ability to cut interest rates and thereby supporting the dollar's strength. Now, they are wondering whether officials are preparing to water
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