Market News
Dollar falls as markets ponder proposed Trump tariffs, US data in focus - REUTERS
Jan 7 (Reuters) - 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.
