The US Dollar (USD) falls in thin trading hours ahead of Trump’s inauguration

The dollar fell against most major currencies as traders trimmed widely favored bullish positions on the greenback just hours before Donald Trumpsecond inauguration as President of the United States.

A Bloomberg gauge of the dollar fell as much as 0.3% Monday as Trump’s call on Friday with China’s president Xi Jinping helped ease jitters over trade tensions between the two nations. Thin liquidity due to a US holiday likely exacerbated the dollar’s weakness against everything from the Australian dollar to the offshore yuan.