Dollar breaks 4-day losing streak on trade tensions

London

THE US dollar firmed on Monday, breaking a four-day losing streak, as fresh concerns over the trade war between the United States and China kept risk appetite subdued and trade-oriented currencies such as the Australian dollar under pressure.

A Bloomberg report that Chinese officials were reluctant to agree to US President Donald Trump's broad trade deal cast a pall over investors, after weak US economic data last week raised concerns about the economic outlook.