The dollar fell from seven-week highs against the yen and the Australian dollar stumbled after Washington announced a plan to slap tariffs on $200 billion of imports from China, escalating tensions between the world’s two biggest economies. The news, first reported by Bloomberg in early Asian trade when the currency market’s liquidity falls to the lowest levels of the day, prompted knee-jerk selling of riskier assets against less vulnerable currencies. The news, first reported by Bloomberg in early Asian trade when the currency market’s liquidity falls to the lowest levels of the day, prompted knee-jerk selling of ... (full story)