Dollar edges up, Asian stocks slip as US-China tensions flare


The safe-haven U.S. dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars.

SINGAPORE: The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries around the world ease restrictions.

In reduced trade, with China and Japan on holiday, U.S. stock futures fell 1.7% and U.S. crude tumbled 7%. The safe-haven U.S. dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars.

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trade tensions , blame game , Trump , US dollar

   

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