Dollar stabilizes as concerns ease in global markets

The US dollar lost its position as safe haven today, as it held steady in the trading sessions, while concerns about the global economic growth eased, while  the market's attention shifted to the resumption of trade negotiations between the United States and China.

A US trade delegation is expected to visit Beijing this week to discuss overcoming obstacles to a trade deal between the two countries.

Sources revealed to CNBC,  that Trump wants to increase China's purchases of US goods and services by two to three times from its previous bid of $1.2 trillion.

While markets wait for this week's release of the final reading of US GDP for the fourth quarter of 2018, as it's estimated to see weakness in growth.

In terms of trading, by 16:36 GMT, the dollar index (against a number of major currencies) rose by 96.6 points, reaching a high of 96.7 points and a low of 96.4 points.