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Currencies: Dollar slips against main rivals as China trade row escalation spooks markets

The U.S. dollar hovered in negative territory Monday as market participants focused on the trade row between the U.S. and China ramped up over the weekend, boosting the allure of so-called safety currencies such as the yen.

The ICE U.S. Dollar Index DXY, -0.10% was last at 94.748, down 0.1%, after logging a gain of just over 1% for last week, according to FactSet. The broader WSJ Dollar Index BUXX, +0.01% fell about 0.1% at 88.01.

The dollar retreated from nearly three-week highs against the haven yen as China said it would retaliate against a U.S. round of tariffs by slapping duties on American export products, including crude oil, and suspend all previous trade agreements with Trump’s administration.

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