The U.S. Dollar is trading higher against a basket of currencies on Wednesday. The dollar is posting gains against the Euro, British Pound and Canadian Dollar and losses against the safe-haven Japanese Yen and Swiss Franc. The price action is being fueled by a further escalation in the trade conflict between the United States and China, which is prompting investors to trim positions in the higher-yielding Euro, Pound and Loonie, while driving up demand for the safe-haven Yen and Swiss Franc. The focus for investors is yields. A wave of risk aversion is hitting the markets with investors from New Zealand to Germany to the … (full story)

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