The dollar is near a one-week low against a basket of currencies this morning, as US-China trade tensions escalate. China has threatened more countermeasures over the weekend and the US have declared that they will be extending their stance on trade to countries other than China.
Chinese state media reported that the authorities there are preparing an investigation into the American company FedEx, and their activities in China.
The greenback had a mixed end to last week due to US-China trade tensions, and also threats of tariff increases on Mexican products.
Donald Trump has landed in the UK this morning for a state visit, and is expected to discuss issues such as climate change and tech company Huawei with Prime Minister Theresa May.
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