Saturday, March 31, 2007

Dollar dips on news of US duties on Chinese paper

(Reuters) - The dollar declined on Friday after the U.S. government said it will impose duties on imports of coated paper from China, raising fears of protectionism between the two economic superpowers.

While traders and investors debated whether the news was the opening salvo in a trade war, its impact on foreign exchange markets was immediate.


Read more at Reuters Africa

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