The dollar didn't move much Tuesday after President trump didn't provide new details about the trade war between the United States and China in a speech.
Trump, who has boasted of his government's economic achievements in his campaign rallies, has "soon" whetted the appetite for a preliminary trade deal with China, but has been reticent about new details of the negotiations.
The U.S. dollar index maintained a small increase recorded earlier on Tuesday, ending at 98.310 in New York, up 0.11% on the day, slightly higher than the 98.304 level at the beginning of Trump's speech at noon.
In his speech at the New York economic club, trump once again focused on the Federal Reserve, lamenting that US interest rates were higher than those of other developed economies.
His speech received high attention from the foreign exchange market, which fluctuated under the influence of trade news. Some see the lack of details of trade agreements as a sign of pessimism in itself.
"I don't think we got anything new from Trump's speech. The only thing that might be a little new is that he didn't announce the date and time of the signing ceremony. Markets had been expecting this, and those hopes were dashed, "said Greg Anderson, head of global foreign exchange strategy at BMO capital markets.
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