Movements of the US dollar against major currencies

The US dollar fell on Tuesday for the second day in a row, towards its lowest level in a week against most major currencies, as traders pondered whether President-elect Donald Trump's tariffs will be less aggressive than promised.

The US dollar also fell on Monday after a report in the Washington Post that Trump's aides are considering plans to apply tariffs only to sectors that are crucial for the national security or economic of the United States.

However, the currency made up for some losses yesterday after Trump denied the report in a post on his platform.

Trump said that this report was nothing more than false news, but these reports from the Washington Post reinforced this widely held opinion, because the tariffs that Trump intends to impose are not clear that they can be achieved due to exaggeration, as he intends to impose tariffs ranging from 10 to 20%.

EUR USD

The eurozone was a particular target of Trump's tariff threats, and the euro rose 0.1% to 1.0420 dollars, after jumping to the highest level in a week on Monday.

GBP USD

The British pound rose by 0.2% at 1.2560 dollars as well.

AUD USD & NZD USD

The risk-sensitive Australian and New Zealand dollars resumed their gains, as the Australian dollar rose by 0.45% at 0.6275 dollars, and the New Zealand dollar rose by 0.5% to 0.5675 dollars.

BTCUSD

In cryptocurrencies, the price of bitcoin has not changed much, hovering around the levels of 101,700 dollars, trading at its highest levels since December 19.