The dollar held steady as President Trump’s softened rhetoric on China tariffs and a potential meeting with Xi Jinping eased trade tensions. This de-escalation boosted the dollar, impacting other currencies like the euro, sterling, and New Zealand dollar. Meanwhile, lingering political uncertainty in Japan kept the yen near eight-month lows despite interest rate differentials suggesting a potential strengthening.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets