US dollar tumbles as Trump suggests tariff delay, vows slew of exec orders

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US dollar tumbles as Trump suggests tariff delay, vows slew of exec orders - Business Standard

Quick Summary:

Some analysts were expecting Trump to invoke the International Emergency Economic Powers Act (IEEPA).

Meanwhile softer US inflation data and the prospect of multiple Fed rate cuts have recently boosted risk assets, including bitcoin, which hit a record high on Monday at $109,071.86 and was last down 1.8 per cent at $102,745.83.

Trump has promised to be a "crypto president", and is also expected to issue executive orders aimed at promoting widespread adoption of digital assets.