💨 Abstract

On Monday, the U.S. dollar plummeted 1% after a report suggested President-elect Trump was considering targeted tariffs on critical imports, rather than broader levies. The euro, yuan, sterling, Australian dollar, and Canadian dollar rallied in response, with some economists believing targeted tariffs could stoke U.S. inflation less than previously expected, potentially limiting the Federal Reserve's ability to cut rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖