💨 Abstract

The dollar experienced broad losses on Tuesday following Donald Trump's decision to potentially impose new tariffs in a "measured" manner, offering relief to trade-exposed currencies. Trump's inauguration speech also mentioned emergencies on immigration and energy, a more expansionist foreign policy, and a pledge to take back the Panama Canal. The euro, Australian dollar, and New Zealand dollar saw gains, while the yen held relatively steady.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖