The U.S. dollar gave up earlier gains as some of the optimism over a U.S.-China trade agreement faded.

The U.S. currency had jumped to a two-week high against the safe-haven Japanese yen in Asian trading.

Chinese Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin discussed issues related to phase one of a trade agreement and agreed to maintain communication on remaining issues.

On Monday, China's Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said the two countries were very close to a phase-one deal.

The dollar was last trading neutral at 108.96 yen, after rising as high as 109.205, its highest since Nov. 12. The euro was also flat versus the dollar at $1.1016 , not far from the 11-day low of $1.1004 it reached on Monday.

Source : Reuters