The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States.
Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or whether a deal with China can be reached before then.
White House economic adviser Larry Kudlow said on Friday that the Dec. 15 deadline is still in place, but Bloomberg reported Agriculture Secretary Sonny Perdue saying the tariffs are unlikely to take effect.
Against the Japanese yen and the euro the greenback found support after last week's declines, steadying at 108.56 yen and $1.1064 per euro. Against a basket of currencies, the dollar last traded at 97.644.
Source : Reuters