U.S.: Drops Dollar Against Euro and sterling After Informing Trump Will Not Apply Duty From Today

He accelerated it today (20.01.2025) his fall, after the journalistic information that said he would not impose duties immediately after his inauguration, while at the same time, the price of bitcoin was launched. Around 16.05 (Greece time), a few hours before Trump’s inauguration, the dollar retreated 1.16% against the euro and 1% against sterling. CORVERSE The fall was abruptly recorded after a newspaper report by Wall Street Journal, according to which Trump will sign a memorandum asking federal agencies to examine US trade policy and relations with China and their neighbours on the American continent. The newspaper said Trump would not impose new tariffs from the first day of his tenure, which was confirmed by an official. The market expected Trump to currently impose customs duties of 25% on all imported products from Mexico and Canada, citing the treatment of irregular immigration and drug trafficking. China is also threatened with an increase in customs duties. Such a policy, however, is considered inflationary by the market and implies that interest rates will remain high. Source: RES-AE