* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh
By Saikat Chatterjee
LONDON, Dec 27 (Reuters) - The Australian dollar ledcommodity-linked currencies lower on Thursday on concerns abouta fresh chapter of trade tensions between the United States andChina, though broader sentiment remained positive after anovernight rally in global stocks.
While that lifted other risky assets such as commodities,concerns that the world's two biggest economies may be opening anew flank of their ongoing trade dispute weighed on sentiment inholiday-thinned trade.
Reuters reported on Thursday that the Trump administrationis considering an executive order in the new year to declare anational emergency that would bar U.S. companies from usingHuawei HWT.UL and ZTE000063.SZ products.
"The oil price bounce pushed commodity currencies higheracross the board but the latest Huawei news is a bit of adampener on sentiment in these thin markets," said Alvin Tan, acurrency strategist at Societe Generale in London.
The Australian dollar AUD= , often considered a gauge ofglobal risk appetite and highly correlated to globalcommodities, was down 0.26 percent at 70.51 cents. The Norwegiancrown NOK=D3 and the New Zealand dollar NZD=D3 were alsodown a quarter of a percent each.
Broadly, the dollar failed to capitalize on a eight-day highhit in the previous session on the back of firmer U.S. Treasuryyields with the greenback broadly weaker against a basket of itsrivals in early London trading.
The dollar index .DXY , a gauge of its value versus sixmajor peers, slipped 0.2 percent to 96.82, after gaining 0.5percent on Wednesday.
The greenback's losses was the most visible against the euro EUR=EBS with the single currency gaining 0.3 percent at$1.1385.
It has gained 0.6 percent so far this month but is still setfor an annual decline of more than 5 percent on concerns of adovish European Central Bank. (Reporting by Saikat Chatterjee; Editing by Toby Chopra) ((firstname.lastname@example.org; +44-20-7542-1713;Reuters Messaging: email@example.com))