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Dollar Falls as U.S. Growth Concerns Weigh
The dollar falls on concerns that President Donald Trump's trade policies could hurt U.S. economic growth, Deutsche Bank analysts said in a note.
China and Canada unveiled retaliatory measures after Trump imposed a 25% tariff against Canadian and Mexican imports and an additional 10% levy on Chinese goods Tuesday.
The dollar has previously tended to rise in reaction to tariffs on expectations that such policies could lift inflation and limit interest rate cuts by the Federal Reserve.
