Monday saw a pick-up in FX volatility on the back of aWashington Postreport– quickly rejected by Trump – that incoming US tariff policy could be more selective than first feared.
Incoming US tariff policy can be more selective“It is unlikely investors will want to consider actively selling the dollar ahead of Trump's inauguration on 20 January on speculation over softer tariffs – but we could see a little more rebalancing of FX positioning and a little more dollar consolidation in the interim.
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