2332 GMT - With trade policy not featuring prominently in U.S. President Trump's inauguration speech on Monday, this has triggered a decent correction lower in the dollar, ING's Chris Turner says in a research report. The lack of tariffs has sparked a decline of 0.5%-1.5% in the dollar against G-10 currencies, says the Global Head of Markets and Regional Head of Research for UK & CEE. "We cannot rule out a near-term extension when U.S. financial markets fully reopen, but this looks more like a temporary setback for dollar bulls," Turner adds. The USD Index was last 1.2% lower at 108.07, and USD/JPY was last 0.1% down at 155.47, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 20, 2025 18:32 ET (23:32 GMT)
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