BUZZ-COMMENT-Better for USD to travel with Trump than arrive
Jan 27 (Reuters) - It is often said that it is better to travel than to arrive - and that has been the case for the U.S. dollar when it comes to President Donald Trump.
The greenback fell by 2.5% against the pound and euro last week, as Trump's second term as president got underway.
The decline marked a sea change from its performance in the period from Trump's presidential election victory on Nov. 5 through Jan. 13, when it rose by 6.5% against the euro and pound.
Last week's USD decline was spurred by the absence of first-day tariffs from Trump, and his disclosure that he would rather not use tariffs against China.
Last week also saw Trump threaten to impose 25% tariffs on Canada and Mexico on Feb. 1 - a date which now looms large.
If Trump follows through on his threat, the USD could recoup some of its losses since his return to the Oval Office.
On Sunday, the U.S. and Colombia pulled back from the brink of a trade war after reaching a deal on deportations.
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