The U.S. dollar was little changed on Tuesday, close to a three-week low against the euro, as Washington and Beijing traded barbs and announced fresh tariffs on a growing number of imports.
The dollar gave up early gains and fell on Monday while emerging market currencies slipped nearly half a percent as investors waited for the next salvo in the trade war between the United States and China.
The dollar rose against a basket of currencies on Friday, rebounding from a near 1-1/2-month low, as upbeat U.S. economic data and higher Treasury yields rekindled some investor appetite for the greenback.
The dollar fell to a near 1-1/2-month low against a group of currencies on Thursday after data showed U.S. consumer prices increased less than expected in August, paring traders' outlook that domestic inflation is accelerating.
The euro rose on Wednesday in advance of the European Central Bank meeting, putting pressure on the dollar as traders remained worried about the trade friction between the United States and China.
The U.S. dollar edged up against a basket of major currencies on Tuesday as concerns about trade friction between China and the United States prompted some safe-haven buying of the currency.
LONDON, Sept 10- The dollar struggled to build on its gains from last week on Monday while investors piled into riskier assets led by Scandinavian currencies, encouraged by a drop in bond yields in peripheral countries in Europe such as Italy. Perceived safe-haven currencies in Europe such as the Swiss franc tumbled half a percent against the dollar and the euro...
The euro and sterling rose against the dollar on Monday after the European Union's top negotiator said an agreement for Britain to leave the economic bloc might be reached in the coming weeks.
The Australian dollar skidded to its weakest level in more than 2-1/2 years as fears over an escalation in the trade conflict between the United States and China dominated concerns, while safe-haven currencies such as the franc and yen gained.
The dollar edged down on Thursday following a bounce in European currencies, but concerns about U.S. President Donald Trump imposing further tariffs on Chinese imports provided some support to the greenback.
The dollar rose broadly on Wednesday as concerns grew that U.S. President Donald Trump may soon ramp up a trade war with Beijing by imposing tariffs on more Chinese imports.
The dollar advanced across the board on Tuesday, rising more than a quarter of a percent against its rivals.
The dollar held near a one-week high on Monday amid concern about global trade after U.S.-Canada trade negotiations reached an impasse.
The dollar rose for a second straight session on Friday on concerns about global trade conflict, this time between the United States and the European Union.
The dollar rose on Thursday for the first time in five days, as risk appetite eased and stocks gave up gains notched early in the week, amid nagging concerns about U.S. threats to impose additional tariffs on Chinese imports next month.
The dollar rose on Wednesday as relief about a U.S.-Mexico trade deal gave way to concern among investors that the conflict over trade between the U.S. and China was not about to end soon.
The weakness in the buck was the result of relief risk-on flows after the U.S. completed a trade deal with Mexico, indicating that the Trump administration will be willing to negotiate with Canada and Europe as well," said Boris Schlossberg, managing director of Foreign Exchange strategy at BK Asset Management in New York.
The dollar fell on Monday, hurt Friday that seemed to suggest a slower pace of monetary tightening and as the currency's safe-haven appeal eased after the United States and Mexico reached a trade deal.
The dollar index fell to a session low on Friday after Federal Reserve Chair Jerome Powell said steady rate hikes are the best way to protect U.S. economic recovery but suggested the Fed funds rate was getting closer to neutral.
The dollar snapped a five-day losing streak and the euro fell on Thursday, with the greenback boosted by political uncertainty, a new round of trade tariffs and the Federal Reserve's latest policy meeting minutes that signaled a September rate rise.