Dollar Falls on Renewed U.S.-China Trade Tensions

The dollar edged lower in the wake of President Trump threatening to impose new 100% tariffs against China next month.The dollar's decline has so far been limited as most seem to expect another agreement to be made but the risks of escalation in tensions seem higher, Commerzbank's Thu Lan Nguyen said in a note. While the tariffs would hit China's export economy, they would be "just as painful for U.S. importers."If countries decide to turn away from the U.S. and strengthen relations with alternative trading ...