Ammon News - The dollar slipped anew on Monday as a meteoric surge in its Taiwanese counterpart stoked speculation some Asian countries were prepared to engineer revaluations of their currencies to win U.S. trade concessions.

Asia-Pacific currencies were the major developed market beneficiaries of the fallout from that, and the dollar was down 0.44% on the Japanese yen at 144.3. The Australian dollar hit a five-month high in early trade, and was last up 0.4% at 0.6473.

More dramatically, the dollar slid over 3% against the Taiwan dollar to 29.772 , adding to a record 4.4% move on Friday. That brings the Asian currency to near three-year highs. Reuters