Dollar dips as markets assess Syria risk, losses limited

The dollar dipped on Monday as markets weighed the impact of strikes on Syria by the United States and its allies at the weekend, although losses were limited as the military action did not result in broad risk aversion.

The United States, France and Britain launched missiles targeting what the Pentagon said were chemical weapons facilities in Syria on Saturday, in retaliation for a suspected poison gas attack on April 7.

Suggesting that the military action would not be prolonged, Trump declared “mission accomplished” after the strikes. There were still concerns, however, about Russia’s potential reaction to new economic sanctions from Washington.

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