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Market focuses on reports about Trump's tariffs, and the dollar slightly declines to a one-week low.
On Tuesday, the USD fell to a one-week low against major currencies as traders considered whether Trump's tariff policy would be milder than promised. On Monday, after a report suggested that Trump's aides were exploring a plan to impose tariffs only on key imported Commodities, the USD dropped against currencies like the Euro and British Pound. However, after Trump denied this report in a post on the Truth Social platform, the USD found some support. As of 6:00 GMT (14:00 Peking time), the USD index fell by 0.14% to 108.16, having previously dropped to 107.74 overnight.
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