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Dollar dives as Trump team hints at delay to tariffs - REUTERS

JANUARY 20, 2025

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Summary

  • Trump assumes presidency at 1700 GMT
  • Dollar down, euro and yuan jump after Trump tariff comments
  • Trump says he will not impose tariffs on his first day
  • Bitcoin hits all-time high
  • Yen near one-month high on BOJ rate-hike bets

Jan 20 (Reuters) - The dollar took a dive on Monday after U.S. President-elect Donald Trump was quoted as saying he will not impose trade tariffs straight after his inauguration, which is set to take place later in the session.

Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office, the Wall Street Journal reported on Monday. An official for the incoming administration confirmed the report.

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