The dollar’s struggles may bleed into the new year as U.S. President Donald Trump and Chinese leader Xi Jinping’s tariff cease-fire stokes a relief rally in risk assets and fuels optimism that global economic growth may pick up.
The greenback fell against almost all of its Group-of-10 peers Monday as markets digested news that the world’s two largest economies will halt any new levies for 90 days. Commodity-linked currencies strengthened as crude oil prices surged and U.S. equities gained.
