The dollar remained on the defensive against the safe-haven yen on Monday as the...
SYDNEY - The dollar remained on the defensive against the safe-haven yen on Monday as the Sino-U.S. trade dispute looked set to drag on with no settlement in sight, while holidays in Japan and Singapore made for very thin trading.
Confusion still lingered after U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question. “Overall, we have increased our estimate of the growth impact of the trade war,” the bank said in a note.
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