Dollar weakness lingers, U.S.-China trade talks in focus


The dollar index versus a basket of six major currencies crept up 0.1 percent to 94.882. The index was in reach of 95.131, a seven-month peak scaled on Friday when it soared more than 1 percent last week after the U.S. Federal Reserve gave a hawkish signal on interest rates while the European Central Bank struck a dovish tone.

TOKYO: The dollar sagged on Wednesday, as U.S. President Donald Trump's comments on monetary policy continued to weigh on the greenback and markets awaited U.S.-China trade talks and Federal Reserve minutes for directional cues.

Noticeable gainers against the dollar included the euro, which rose roughly 0.8 percent overnight, brushing a 12-day peak of $1.1601. It was little changed at $1.1572 in early Asian trade from its New York close.

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