The dollar rose on Monday as currency traders shrugged off the latest threat of steep tariifs 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 10:15 a.m. in New York. Meanwhile, the yen led Group-of-10 losses against the US currency and last traded around the 152.36 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 Columbus Day holiday.
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