USD losing ground on the 'gradual' tariff story ...Middle East

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USD losing ground on the gradual tariff story

The news is here ICYMI:

Trump's tariff team studying gradual hikes of 2 to 5% per month

Bloomberg with the info, citing unnamed 'people familiar':

    Members of Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation

    Its sent the USD lower in thin trading here. AUD, yen, GBP, CHF all popped.

    As did EUR:

    This article was written by Eamonn Sheridan at www.forexlive.com.

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