The US dollar weakened against most major currencies, and Treasury yields fell after Bloomberg News reported that Donald Trump's incoming economic team is considering gradual tariff hikes. The Bloomberg Dollar Spot Index dropped as much as forty basis points, and the 10-year Treasury yield slid three basis points. Trump’s economic advisors are considering a gradual approach to tariffs instead of a large one-time increase. This strategy could weaken the dollar by easing inflationary pressure and providing the Federal Reserve with more flexibility to lower interest rates.
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