Dollar Steady After U.S.-China Talks -- Market Talk
The dollar trades steady after the U.S. and China concluded two days of trade talks. Representatives from the countries said the framework would restore a pact they agreed to in Switzerland last month, a deal that saw both sides lower tariffs. Analysts note that there is a lack of details about the framework.
"The talks are seen as positive for markets in the short term, but we know from previous trade talks that the good mood can fade quickly between the two sides," Danske Bank analysts say in a note. Investors await U.S. inflation data at 1230 GMT. The DXY dollar index is at 99.112, holding above last week's six-week low of 98.351.
Source: marketwatch
