The euro sank below $1.10 for the first time since May 2017 amid low liquidity on a late-summer trading session. The common currency lost as much as 0.7% against the U.S. dollar, getting as low as $1.0976. The selloff picked up dramatically around 11 a.m. in New York as London closed for the month and after currency options expired. With U.S. markets shut Monday for Labor Day, traders may be hesitant to hold big positions going into the long weekend. And that’s especially true with new U.S. tariffs on Chinese imports poised to take effect Sunday as the trade war between the world’s two largest economies rages on. ... (full story)