OCBC: The US dollar was slightly weak before Trump took office, and the details of tariffs will affect future trends.

On January 20, Jinshi data reported that Frances Cheung and Christopher Wong, strategists at OCBC Bank, stated that the US dollar was slightly weak at the beginning of this week before Trump's inauguration. Trump promised to sign a series of executive orders on his first day in office and stated at a rally that he would take action at a historic speed and scale. It is expected that tariff policies may be announced soon, but strategists added that the timing, magnitude, and scope are still uncertain. If the announcement of tariffs is delayed for a longer period of time, it may provide a breathing space for risk alternatives, and it is not ruled out that the US dollar may fall back, while the swift implementation of tariffs may hit market sentiment and boost the US dollar.