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Currency

Dollar dips as Canada and US hold trade talks

Updated : September 12, 2018 08:03 AM IST

China will ask the World Trade Organization on Tuesday for permission to impose sanctions on the United States in retaliation for Washington’s non-compliance with a ruling in a dispute over US dumping duties.
The dollar traded lower after two Canadian sources with direct knowledge of Ottawa’s negotiating strategy said overnight Ottawa was ready to offer the United States limited access to the Canadian dairy market as a concession in negotiations to remake NAFTA.
An index for emerging market currencies was pinned near a 16-month low reached during the previous trading session.
Dollar dips as Canada and US hold trade talks

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