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Dollar Dealt a Blow as ‘Buy Everything Else’ Emerges After G-20

  • Trade truce may fuel global-growth convergence bets: Jefferies
  • Greenback falls against most G-10 peers; Aussie among gainers
Bloomberg business news
Dollar May Hold Firm at Current Levels for Time Being, Conning's Franklin Says

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.