* Dollar falls vs yen as U.S. stocks sell-off
* Focus on global trade tensions , U.S. data this week
(Adds comment, updates prices in text, table) NEW YORK, April 2 (Reuters) - The dollar fell on Monday, dropping versus the yen for a third straight session, as China imposed extra tariffs on U.S. products, escalating a dispute between two of the world's biggest economies. Volume though was light as some European markets are closed for the Easter Monday holiday. China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China's finance ministry said.
The tariffs, to take effect on Monday, match a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23. "The yen and Swiss franc are the real winners," said Paresh Upadhyaya, director of currency strategy, at Amundi Pioneer Asset Management in Boston. "It's an equity induced sell-off triggered by trade concerns. Those concerns raise worries about global growth. There's more of a risk premium built in for the euro as well as other export-oriented currencies like the Canadian, Australian and New Zealand dollars." The Japanese and Swiss units, typically viewed as safe- haven currencies, tend to benefit at the dollar's expense in times of geopolitical and financial tensions. The Swiss franc traded slightly lower against the dollar, but it has been catching up as U.S. stocks accelerate their sell-off. In mid-afternoon trading, the dollar was down 0.2 percent at 90.007 against a basket of six major currencies, backing off from a one-week high of 90.178 set last Thursday. The greenback fell 0.6 percent versus the yen to 105.68 yen , after rising more than 1.5 percent last week for its biggest weekly gain since September 2017. The dollar rose against the yen through most of last week, helped by signs China and the United States were working behind the scenes to avoid a full-blown trade war. The dollar is expected to struggle against the yen for some time given the tension between the world's two largest economies. The Trump administration is expected to release a list of other products to be targeted with tariffs by Friday. Beyond the potential trade war, investors are also focused on U.S. data this week, led by the non-farm payrolls report for March. The reports should determine the path for future interest rate increases, analysts said. The euro, meanwhile, was down 0.1 percent at $1.2304, weighed down by overall caution in the market amid a U.S. stock market sell-off.
Currency bid prices at 2:05PM (1805 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change
Euro/Dollar EUR= $1.2303 $1.2321 -0.15% +2.56% +1.2344 +1.2283 Dollar/Yen JPY= 105.6600 106.2600 -0.56% -6.22% +106.4400 +105.6700 Euro/Yen EURJPY= 130.02 130.97 -0.73% -3.82% +131.2900 +130.0000 Dollar/Swiss CHF= 0.9545 0.9534 +0.12% -2.03% +0.9564 +0.9528 Sterling/Dollar GBP= 1.4044 1.4015 +0.21% +3.93% +1.4077 +1.4020 Dollar/Canadian CAD= 1.2938 1.2891 +0.36% +2.87% +1.2942 +1.2862 Australian/Doll AUD= 0.7650 0.7678 -0.36% -1.94% +0.7697 +0.7651
Euro/Swiss EURCHF= 1.1745 1.1747 -0.02% +0.48% +1.1763 +1.1742 Euro/Sterling EURGBP= 0.8759 0.8788 -0.33% -1.40% +0.8783 +0.8753 NZ Dollar/Dolar NZD= 0.7212 0.7234 -0.30% +1.78% +0.7240 +0.7212 Dollar/Norway NOK= 7.8921 7.8478 +0.56% -3.86% +7.8988 +7.8301 Euro/Norway EURNOK= 9.7095 9.6630 +0.48% -1.41% +9.7156 +9.6613 Dollar/Sweden SEK= 8.3983 8.3408 +0.55% +2.40% +8.4038 +8.3299 Euro/Sweden EURSEK= 10.3358 10.2794 +0.55% +5.05% +10.3382 +10.2716
(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Richard Leong; Editing by Susan Thomas and Lisa Shumaker)