The dollarfues after a report on Trump's gradual upliftment of customs fees

The US dollar has dropped against most of the most important currencies after a report on ‘Bloomberg News’ stating that the economic team of president -election Donald Trump is gradually studying to increase customs duties. The Bloomberg index for the immediate dollar dropped 0.4% during the early Asian trading today, following the report indicating that Trump’s economic advisers are discussing a slow and methodological approach to increasing customs duties, instead of implementing a significant increase at one blow. It is believed that this approach could reduce inflationary pressure due to customs duties, and it will get more ways to the US federal reserve to lower interest rates. The index was witness to the biggest decline since January 6, when the US dollar fell after a report published by the Washington Post, citing Trump’s plans to reduce customs duties. Trump denied these allegations in a post on the “Truth Social” platform. “The US dollar could still be weak unless President Trump denies this report as he did with the Washington Post report.” Currency pins against the dollar that recorded sensitive currencies, such as Australian and New Zealand dollars, profits against the US dollar, which indicates a sense of relief to avoid a huge shock caused by customs duties. In the “Wall Street” is the continuation of the strength of the dollar, supported by strong employment numbers issued last week, which increased the questions about the possible reduction of interest. Wayne Thin, head of the currency strategy unit at Brown Brawn Brothers Harriman & Co., is on his part as it is expected to be denied soon. They ignored the noise and made sure that the dollar increase would continue to perform the US economy. ‘