China, Dollar
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The dollar and China's yuan were steady on Wednesday as teams from U.S. and China concluded trade talks in London, hinting at a thaw in a damaging trade war between the world's two largest economies but offering scant detail.
The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions, but barely. Click to read.
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SINGAPORE (Reuters) - Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world's two largest economies could be easing.
China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call but left key issues that have stoked tensions between the world's two largest economies unresolved.
The Trump administration says its reviewing a deal to sell nuclear-powered submarines to Australia over concerns that the U.S. is not producing enough of its own.
Dollar Tree CEO says "the tariff landscape is highly fluid and changing week to week," as the discount retailer slashes its earnings guidance.
The dollar was steady against its major peers on Wednesday, after U.S. and China agreed on a framework for a trade agreement that investors hoped could potentially pave the way to resolving a damaging trade war between the world's two largest economies.
Asian equities were lower overnight as Israel’s preemptive strike on Iran sent oil higher as the US dollar appreciated versus local currencies.