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Currencies: Dollar dips after data, while investors await cues from Jackson Hole Fed gathering

The U.S. dollar fell against its major rivals on Monday as investors trained their attention on political tensions, including a refocus on drama in the Korean Peninsula and positioning ahead of a symposium of global central bankers in Jackson Hole, Wyo.

The prospect of escalating military tensions has been a driver behind buying of so-called haven currencies, like the Japanese yen and the Swiss franc. The greenback weakened against both havens on Monday.

On Monday, the U.S. and South Korea kicked off annual military exercises that North Korea’s ruler Kim Jong Un may view as preparation for an invasion of the Hermit Kingdom, which has been locked in a high-stakes verbal war with President Donald Trump, who has promised “fire and fury” to the country if it continues to antagonize Washington with ballistic missile tests and threats.

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