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Trump official confirms earlier report that he won’t impose Day 1 tariffs

A Reuters report citing a ‘Trump official’ confirms the earlier WSJ report that the President-elect won’t impose tariffs today and instead will issue a memo to study trade practices.

The earlier report sparked some big market moves.

With that we have seen an extension in the US dollar softening and US equity futures have climbed to +0.7%.

This article was written by Adam Button at www.forexlive.com.

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