Dollar holds firm as US, China said to push back meeting between Trump, Xi

Technical Analysis

The greenback remains steady as risk assets decline


Of note, EUR/USD touched a low of 1.1305 while AUD/USD and NZD/USD are also trading at session lows respectively of around 0.7050 and 0.6816. The dollar was already holding firm on the day against the major currencies bloc but the news of a postponement to the Trump-Xi meeting just pushed the greenback a little higher.

This comes as equities pare earlier gains as seen by US equity futures here:

E-minis 14-03

The dollar’s gains are also helped by the fact that the Chinese yuan has dipped to a one-week low, falling by 0.5% against the greenback currently.

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