Market focus on us China trade negotiations and minutes of fed meeting

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      The dollar edged higher against a basket of currencies on Tuesday, expected to end a three-day losing streak as investors remained cautious as the outlook for us China trade talks remained uncertain.
The dollar index rose 0.05% and has fallen 0.6% in the past three sessions.
"It's all because of trade uncertainty," said Juan Perez, senior currency trader and strategist at Tempus
There were high hopes that Washington and Beijing would sign the so-called "first phase" agreement this month, but CNBC reported on Monday that China's pessimism about reaching an agreement had thwarted those hopes.
U.S. President trump said Tuesday he will raise tariffs on Chinese goods exported to the United States if he fails to reach a trade agreement with China to end a tit for tat trade war. The trade war has disrupted markets and damaged global economic growth.
Perez said that although the recently released U.S. economic data is in line with the lowered expectations and supports the dollar, there are bound to be some weak trends in the dollar.


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