collapsed and Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind. The

services growth in nearly two years in August held off dollar sellers in steady early ⁠trade. The dollar logged its largest weekly drop against bitcoin in nearly three-and-a-half years on Sunday and it's been sliding sharply on gold over revived fears the ​currency will suffer if the U.S.

tries to hold down yields. Long-end yields have been climbing globally on a combination of a solid economic ​growth outlook, rising inflation expectations and nerves about ballooning sovereign debts. Last week, after 30-year yields hit almost two-decade highs, the U.S.

Treasury's attempts to artificially hold down long-term bond yields appears to be reigniting the $US debasement trade," said Shane Oliver, head ​of investment strategy at Australian financial services firm AMP.The mood was keeping Australian dollar above 71 cents, he said.

Sterling was firm at $1.3650 in morning trade ‌and the ⁠yuan, which notched an eighth straight weekly rise last week, hovered near a 3/1-2 year high at 6.7222 per dollar. SANCTIONS AND WARSHLater on Monday, at 1800 GMT, U.S.

Treasury Secretary Scott Bessent is due to hold a press conference after threatening "the toughest sanctions in history" on Iran, with markets focused on whether he will target China. Iran's foreign minister has dismissed the threat of new U.S.

interest rates when Federal Reserve Chairman Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday. He is also sure to face questions about Treasury's buybacks. "Any comments on the balance sheet, ​duration supply, or term premium could move the long end more than the data itself.

That ​said, given Warsh’s ⁠typically restrained style, we aren’t holding our breath," said BNY strategist Geoff Yu. A Thursday appearance by Bank of Japan deputy governor Ryozo Himino will also be closely watched as a prelude to next month's policy meeting.

In particular, investors will be looking to see if he pushes back ⁠on a ​shift in market pricing to see a faster pace of hikes. "Himino may signal ​the BOJ is moving closer to another interest rate hike," said Commonwealth Bank of Australia strategist Joe Capurso. "However, any hawkish comments are likely to exert only modest downward ​pressure on USD/JPY.