FOREX-Dollar slips vs yen as China trade tensions weigh

As it stated in The dollar slipped 0.07 percent to 110.54 yen, retreating from a three-week high of 110.9 yen. ADVERTISEMENT"The dollar-yen certainly tends to be a little negatively impacted by increasing concerns about a trade war," he said. "It's not clear to me that the rising risk of a trade war has a very clear impact on the dollar broadly. "Net-net it is hard to say what impact a trade war will have on the dollar in the near term," he said. The Canadian dollar weakened to a fresh near one-year low against its U.S. counterpart as trade tensions between U.S. and China intensified and domestic data showed a surprise drop in manufacturing sales.

FOREX-Dollar falls to 2-week low vs yen on renewed trade tensions

The dollar, however, began to sag towards the end of last week as U.S. yields lost their lift amid heightened trade tensions between Washington and the European Union. "The euro is on a technical bounce but whether it can retain the uptrend depends on how the US-EU trade tensions pan out," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. Commodity-linked currencies dipped as a surge by crude oil prices ran out of steam amid the latest round of trade jitters. The Aussie had fallen to a one-year low of $0.7394 last week, hurt by the Sino-U.S. trade spat. The loonie had brushed a one-year low of C$1.3384 last week, buffeted by volatility in crude oil prices.

FOREX-Dollar, yuan recoil as U.S.-China trade row intensifies, yen gains

according to China's yuan fell to a more than 5-month low to the dollar, despite a firmer official yuan midpoint, as market sentiment soured. ADVERTISEMENTAnother perceived safe haven during market turmoil, the Swiss franc, also got a boost from the news. The yuan slid to a low of 6.4490 to the dollar at one point, its weakest since Jan. 15. ADVERTISEMENTThe Australian dollar sank to a one-year low of A$ 0.7380 on the escalating U.S.-China trade spat and as base metal prices slid. Emerging market currencies also came under pressure, with the South African rand shedding 1.9 percent to hit its seven-month low of 13.9150.

collected by :John Locas