Dollar Weakness Dominates as Fiscal Fears and Trade Wars Roil Forex Markets

The US Dollar Index (DXY) slipped to 98.80 on Monday, a three-month low, as a double whammy of US fiscal intervention and a full-blown trade war with Canada rattled greenback confidence.

Money Moves

• USD/CAD: The pair gained 0.30% to 1.3800, but the Canadian dollar's losses were limited as traders weighed a 50% tariff on $20 billion in Canadian exports against a broadly weak US dollar.
• USD/JPY: The pair fell for a second day to...