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Dollar falls as US tariffs kicks in

LONDON: The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a U.S. jobs report due later in the day. The latest salvo in a trade conflict between the world’s biggest economic powers was fired on Friday when U.S. tariffs on $34 billion worth of Chinese goods came into effect. Markets were looking for any retaliatory measures China might employ - Beijing said on Friday it had no…