Dollar extends losses as trade fears mount

US dollar fell against most major currencies to extend its losses as fears over the US-China trade war mounted.

Government data showed that the US durable goods orders fell 2.1% in April.

For his part, said US President Donald Trump said that it is possible to reach a trade agreement with China that also includes resolving the Huawei crisis

The Chinese government warned against using the Huawei crisis in the wrong way to escalating the trade dispute with the US side.

In terms of trade, by 17:34 GMT, the dollar index (against most major currencies) fell by 0.3% to 97.5 points, reaching a high of 97.9 points and a low of 97.5 points.