Dollar Weakens on Bloomberg Tariff Report and Dovish US PPI

Written on 01/18/2025
Rich Asplund

The dollar index (DXY00 ) today is down by -0.43%. The dollar is under pressure today on a report from Blomberg that said President-elect Trump’s incoming economic team is discussing a gradual approach to raising tariffs, to boost negotiating leverage and avoid inflation. The dollar added to its losses after...A one dollar bill floating in water by Wirestock via iStock