After scoring strong gains against most major currencies in the previous session, the U.S. dollar retreated on Tuesday amid fresh concerns about outlook for global growth and on uncertainty about a significant progress in U.S.-China trade talks.
The threat of additional tariffs by the United States against some European Union goods added to the pressure. The U.S. government said it plans to slap tariffs on $4 billion of additional EU goods as part of the long-running spat over aircraft subsidies.
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