Currencies
Dollar’s Fall in Asia Stuns Investors, Spreads Across Globe
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The US dollar got a fresh jolt to start the week as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s currency and reverberated across global foreign exchange markets.
Already under pressure as President Donald Trump’s economic agenda dents attitudes around American assets, the greenback weakened further on Monday against most major currencies. A Bloomberg gauge of the dollar wrapped up the session in New York about 0.2% lower after paring earlier declines.