The U.S. dollar lost ground against the Japanese yen and Swiss franc with traders opting for safe haven currencies amid mounting worries about an escalation in U.S.-China trade tensions.
The dollar index, which weakened to 97.24, recovered some lost ground subsequently, but was still down in negative territory around 97.40, losing more than 0.2%.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.