India, June 16 -- The U.S. Dollar extended losses during the week ended June 13 amidst persisting concerns about trade tariffs and the potential impact on the U.S. economy. An escalation in geopolitical tensions in the Middle East triggered by Israel's attacks on Iran however boosted safe-haven demand for the dollar that helped limit the greenback's cumulative losses.
The Dollar had declined at the onset of the new week amidst anxiety surrounding the trade talks between trading partners especially China. The U.S. Bureau of Labor Statistics on Wednesday revealed less-than-expected levels of consumer price inflation readings for the month of May that exacerbated the dollar's decline.
Headline inflation rose less than expected to 2.4 percent...