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01 Jul 2025

The US dollar declines amid trade concerns

The dollar fell against most major currencies during trading on Monday, as concerns about the trade war between the United States and other economies grew.

Canada announced its decision to cancel its digital services tax targeting American technology companies, just hours before it was due to take effect on Monday, in an attempt to revive stalled trade negotiations with the United States.

The dollar index fell 0.6% to 96.8, reaching a high of 97.3 and a low of 96.8.

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