The dollar fell sharply on a report that US President-elect Donald Trump would refrain from implementing aggressive tariffs immediately after his inauguration later in the day.

The dollar fell broadly Monday, after The Wall Street Journal reported President-elect Donald Trump won’t impose new tariffs on his first day in office. Currencies in Europe, Asia and the Ame

Trump, who takes office later in the day, has previously pledged tariffs of 10% on global imports, 60% on Chinese goods and a 25% import surcharge on Canadian and Mexican products, duties that may upend trade flows, raise costs and draw retaliation.