The dollar nursed broad losses on Tuesday after U.S. President Donald Trump stopped short of imposing new tariffs and reports suggested any new taxes would be imposed in a "measured" way, a major relief for trade-exposed currencies.

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

The dollar’s weakness helped boost foreign currencies, pushing the euro up as much as 1.6% to $1.0434. The Canadian dollar, Chinese yuan and Mexican peso, which investors view as highly exposed to US tariffs,