Dollar Rallies as Traders Brush Off Trump’s China Tariff Threats

The dollar rose on Monday as currency traders shrugged off the latest threat of steep tariffs on China from US President Donald Trump and instead focused on the path for a possible trade deal between the world’s two largest economies.

The Bloomberg Dollar Spot Index gained some 0.2% as of 4:00 p.m. in New York. Meanwhile, the yen led Group-of-10 losses against the US currency and last traded around the 152.30 per dollar mark, while the euro extended losses below the closely-watched $1.16 level. Treasury futures were little changed with trading in the cash markets closed because of the US ...