The dollar has fallen in view of Trump’s mild duties.

He retreated on his inauguration as president of the U.S., with the traders betting he would restrain the application of aggressive duties immediately after his inauguration, according to Bloomberg. Bloomberg Dollar Spot Index yielded yesterday (20.1.25) by 1.1%. This is the largest drop rate of this dollar indicator in the last 14 months. Most of the move occurred at the beginning of the meeting after a Wall Street Journal report, according to which Trump would avoid imposing new duties on the first day of his taking office. “The markets take a great breath of relief over Trump not starting his presidency with aggressive tariffs that could shake the markets once again,” Valentin Marinov, head of the G-10 FX strategy in Credit Agricole CIB, said.