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• The dollar stalled against its peers on Friday as the recovery seen earlier this week petered out ahead of the new quarter, which could potentially bring renewed pressure on the greenback.

Against a basket of six other major currencies .DXY, the dollar was off 0.2 percent to 89.985.

The index was up nearly 0.6 percent for the week, during which it touched a one-week high of 90.178 on factors including easing of concerns over global trade protectionism and perceived progress on North Korea’s nuclear programmme.

The dollar index was down more than 2 percent for the quarter, its fifth straight quarter of declines.

The U.S. currency, which plumbed a 16-month low of 104.560 on Monday when trade woes roiled global markets, shed 0.2 percent to 106.245 yen JPY=. It has risen 1.5 percent this week but declined 5.7 percent for the quarter.

The euro nudged up 0.15 percent to $1.2317 EUR=, having slipped 0.3 percent this week. The common currency was up 2.6 percent for the quarter, buoyed by prospects of the European Central Bank phasing out its accommodative monetary policy.

• U.S. policy toward China has been misdirected for decades and policymakers are now recalibrating ties, Senator Elizabeth Warren told reporters during a visit to Beijing amid heightened trade tensions between the world’s two largest economies.

• Warren’s visit comes as U.S. President Donald Trump prepares to implement more than $50 billion in tariffs on Chinese goods meant to punish China over U.S. allegations that Beijing systematically misappropriated American intellectual property.

• China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said.

• Moscow has told Britain it must cut just over 50 more of its diplomatic and technical staff in Russia as a standoff deepened over the poisoning of a Russian former spy and his daughter in England, the Russian Foreign Ministry said on Saturday.

• Britain’s defense capabilities must evolve to keep step with the growing threat posed by Russia, Defense Minister Gavin Williamson said, as a standoff between Moscow and the West over the poisoning of a former Russian spy and his daughter deepened.

• Oil prices rose on Monday, lifted by a drop in U.S. drilling activity as well as by expectations that the United States could re-introduce sanctions against Iran.

U.S. WTI crude futures CLc1 were at $65.18 a barrel at 0025 GMT, up 24 cents, or 0.4 percent, from their previous settlement.

Brent crude futures LCOc1 were fetching $69.67 per barrel, up 33 cents, or 0.5 percent.

Reference: Reuters