TOKYO - The dollar was steady near a 2-1/2-week high on Tuesday, supported by higher U.S.-yields and its safe-haven status, with growing worries that the U.S.-China trade war could worsen following Washington’s crackdown on China’s Huawei Technologies.
Global equities have taken a hit this week, with share prices in chipmakers falling in the wake of the U.S. moves against Huawei. Federal Reserve Chair Jerome Powell said on Monday that it was premature to make a judgment about the impact trade and tariff issues could have on monetary policy.
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