The US dollar fell against a basket of major currencies today, as investors shifted to stocks due to improved risk appetite, amid anticipation for the US-China trade talks results.
A new round of the US-China trade talks, began today in Washington and will continue until Friday, in attempts to reach a trade deal that will end the ongoing trade war.
President Trump said today that he will meet with the Chinese Vice Premier Liu He tomorrow at the White House, which raised markets hopes for a tangible progress in the talks.
Trump added that China is willing to make a deal, which came after news reports that China is willing to talk about a possible partial deal with the US, as long as no more tariffs are imposed.
The dollar index fell a basket of major currencies by 0.5% to 98.6 points as of 18:11 GMT, with an intraday high of 99 and a nadir of 98.6.