US President-elect Donald Trump, who takes office on Monday, will reportedly refrain from announcing day-one tariffs at his inauguration address, per Reuters.

"The official, confirming a Wall Street Journal report, said Trump will direct agencies to investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations," Reuters further added.

Market reaction

The US Dollar (USD) came under selling pressure following this report. At the time of press, the USD Index was down 1.2% on the day at 108.10.