Dollar Slides as Trade-War Risk Drives Investors to Other Havens

The dollar slid Tuesday as concerns about the economic fallout of the US-sparked trade war pulled down Treasury yields and sent stock prices tumbling, driving investors into overseas havens.

The Bloomberg Dollar Spot Index weakened as much as 0.7% to hit the lowest in a week before paring the drop. Stocks got hit across the board as concerns about global economy spurred a flight to gold and haven currencies, including the Swiss franc and Japanese yen.