Dollar Trading Near Multi-Month Lows Amid Debt Concerns

The US dollar is trading near multi-month lows due to concerns over debt, according to market data. The Canadian dollar slipped 0.3% in Asia trade after Washington imposed 50% tariffs on Canadian goods and Canada retaliated with similar measures. Trade talks between the US and Canada collapsed, adding to the uncertainty. Meanwhile, the Australian and New Zealand dollars traded near three-month highs at $0.7166 and $0.5972 respectively. The euro is comfortably above $1.16 at $1.1680, while the yen remains strong at 159 per dollar.