It had seemed like nothing could stop the U.S. dollar from marching higher. Then a headline about President-elect Donald Trump's tariff plans landed in traders' newsfeeds, and suddenly all bets were off.
The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.
Trump aides are reportedly discussing a plan to restrict pledged duties on all imports to an initial list of products considered critical to national security, reducing the risk of resurgent inflation.
