Dollar falls on news of U.S. duties on Chinese paper
Fri Mar 30, 2007 11:47AM EDT

NEW YORK (Reuters) - The dollar turned lower on Friday after the U.S. government said it will impose duties on imports of coated paper from China, traders said.

The move reversed a decades-old policy of not applying duties to subsidized goods from “non-market economies,” a Commerce Department official said.

The dollar fell 0.4 percent against the yen to 117.56 yen. The euro rose 0.4 percent as well against the dollar to $1.3377.