Dollar Slips After Rally, Focus Shifts to US-China Trade Talks

The dollar slipped against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of pivotal U.S.-China trade talks set to take place in London later in the day.

The talks come at a crucial time for both economies, with China grappling with deflation and trade uncertainty dampening sentiment among U.S. businesses and consumers, prompting investors to reassess the dollar's safe-haven status.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative...

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