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The Economic Times
The Economic Times
Business

Dollar trading near multi-month lows, restrained by debt nerves

A wavering dollar teetered near multi-month lows on Monday in a market unsettled by the U.S. ​Treasury's promise to buy back more long bonds, ​while traders awaited details of sanctions on Iran and on policy speeches this week in ​the U.S. and Japan.

The Canadian dollar slipped 0.2% in early trade, to C$1.3798 per dollar, after trade talks with the U.S. collapsed and Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind.

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