Currencies: Dollar slips as traders shrug off Syria strikes, but geopolitics remain in focus

The U.S. dollar started the week on a defensive note versus major rivals, as traders appeared to perceive U.S.-led airstrikes on Syria over the weekend as an isolated event.

Still, the seemingly worsening relations with Russia, as well as China, remained on investors’ minds as the week got going, with President Donald Trump accusing the countries of engaging in “currency devaluation.”

Elsewhere, the Hong Kong Monetary Authority intervened for a second time to support the Hong Kong dollar, while the Russian ruble was sent on a roller-coaster ride after news the U.S. is looking to slap more sanctions on Russia.

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