The dollar traded mixed, losing ground to the yen and euro while gaining against higher beta currencies, such as the Australian dollar and its dollar bloc brethren, along with most emerging market currencies. This came as the spectre of a deepening and prolonging trade war — made more palpable by news today that Harley-Davidson will shift some production of EU-bound motorcycles out of the U.S. — set in more in investors’ mindsets.
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