The U.S. dollar was higher against the safe haven Japanese yen on Tuesday amid hopes that the U.S. and China are getting closer to a preliminary agreement to resolve their protracted trade war, which has raised fears of a global economic slowdown.

The dollar rose 0.26% against the yen to 108.82 by 03:19 AM ET (08:19 GMT), building on Monday's gains of 0.4%.

In recent days, Beijing and Washington have given encouraging signs of progress in trade talks.

The U.S. dollar index against a basket of six major currencies was steady at 97.32, holding just below the one-week highs of 97.47 reached overnight.

Source : Investing.com