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Currencies: Dollar drops for second day as tariffs spark fears of global trade war

The U.S. dollar dropped for a second straight day Friday, as fears over trade wars prompted investors to dump the greenback after President Donald Trump said the U.S. will impose tariffs on steel and aluminum imports next week.

Meanwhile, Japan’s yen rallied, also to the dollar’s detriment, as Bank of Japan Gov. Haruhiko Kuroda said his central bank would start thinking about exiting its quantitative-easing program in 2019.for friday columns

What were currencies doing?

The ICE U.S. Dollar Index DXY, -0.27% was down 0.4% at 89.942, building on a 0.3% loss from Thursday, which was its first decline in three sessions.

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