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US President-elect Trump considering economic emergency declaration to allow for new tariff program – CNN

US President-elect Donald Trump is considering declaring a national economic emergency to allow for a new tariff program, CNN reported, citing four sources familiar with the matter on Wednesday. 

"The declaration would allow Trump to construct a new tariff program by using the International Economic Emergency Powers Act, known as “IEEPA,” which unilaterally authorizes a president to manage imports during a national emergency," the report read. 

Market reaction

The US Dollar (USD) gathers strength against its rivals following this headline. At the time of press, the USD Index was up 0.62% on the day at 109.35.

SEK: Slower inflation consolidates case for cuts – ING

Sweden’s inflation figures released this morning came in less hot than expected, with headline CPIF slowing down to 1.5% and the key core measure (CPIF excluding energy) decelerating from 2.4% to 2.1% in December, ING’s FX analyst Francesco Pesole notes.
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United States MBA Mortgage Applications increased to -3.7% in January 3 from previous -12.6%

United States MBA Mortgage Applications increased to -3.7% in January 3 from previous -12.6%
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