Dollar’s Losing Run Shows Wall Street Angst Over Tariff U-Turns
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Worries over global trade dragged the dollar to a six-month low on Monday, leaving investors bracing for more weakness ahead.
The Bloomberg Dollar Spot Index extended declines for a fifth day, falling a total of 3.3% during that stretch. While Treasuries and stocks rallied on news that President Donald Trump will delay levies on some popular consumer electronics, sentiment on the dollar was undermined by his warnings that the exemption will prove temporary.