TOKYO, Jan 7 Reuters The U.S. dollar eased towards a oneweek low versus major peers on Tuesday as traders considered whether Presidentelect Donald Trump39;s tariffs would be less aggressive than promised.

On Monday, the greenback slid against the likes of the euro and sterling following a report in the Washington Post that Trump39;s aides were exploring plans that would apply tariffs only on sectors seen as critical to U.S. national or economic security.

However, the currency made up some of the ground after Trump denied the report in a post on his Truth Social platform.

The U.S. dollar index , which gauges the currency against the euro, sterling and four other rivals, eased 0.14 to 108.16 as of 0600 GMT, after dropping to as low as 107.74 overnight, its weakest since Dec. 30.

On Jan. 2, the index pushed to as high as 109.58 for the first time since November 2022, largely due to expectations that Trump39;s promised fiscal stimulus, reduced regulation and higher tariffs would boost U.S. growth.

His Trump39;s 1020 universal tariffs were always seen as unlikely to eventuate in such stringent form so the reporting from the Washington Post has cemented this widely held view, even if Trump has played it down, said Chris Weston, head of research at Pepperstone.

Clearly, the last thing Trump wants at this point is to lose his leverage and credibility going into negotiations … even if the WaPo reporting becomes the reality over time.

The euro zone has been a particular…