For one, the dollar felt a pinch early on as he seemed to be building a better rapport with China president Xi. The TikTok rescue and potentially softer stance on tariffs weighed on the greenback while bolstering risk sentiment.
So, what have we really learnt from Trump's first day in charge?
You can always count on Trump to put on a show and speak with big words. He is the man of the people after all.
"I wouldn't be surprised if he does sort of deny or overwrite whatever the report here is saying in due time. As for when the tariffs do get implemented, whether or not they do walk the walk, that's a different matter. For now, it's all about the conceptualisation of it."
For markets though, it's a whole other story.
Does that mean Trump will not go big on tariffs from here? No, he very well still could. That's the unpredictable and uncertain nature of him being in charge.
That's a key takeaway from his first four years in charge and we'll have another four more to look forward to now.
This article was written by Justin Low at www.forexlive.com. Read More Details
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