The US Dollar is losing ground to traditional safe-haven currencies like the Japanese yen and the Swiss franc during early Monday trading. The greenback’s weakness can be linked to a general swing in the mood of markets to a more risk-off stance.
Photo by Oliver Hale.
This is the result of growing tensions in Hong Kong that threaten to destabilize the ongoing trade discussions. Growing protests in the special administrative region increase the risk of an intervention by China, which could force the US to adopt a more vocal position, potentially further complicating the trade negotiations between the two countries.
