Dollar Falls As Us Tariffs Kick In Us Jobs Data Eyed


LONDON – The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focussing on a U.S. jobs report due later in the day.

The latest salvo in a trade conflict between the world’s biggest economic powers were fired on Friday when U.S. tariffs on $34 billion worth of Chinese goods came into effect.

Markets were looking for any retaliatory measures China might employ – Beijing said on Friday it had no choice but to fight back on trade – and the volatility that could cause.

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