Investing.com – The U.S. dollar was flat against its rivals Monday after pairing losses against the yen, as analysts downplayed the prospect that President Donald Trump will follow through with his threat of raising tariffs on China.
The , which measures the green against a trade-weighted basket of six major currencies, fell by 0.01% to 92.26.
Trump warned that tariffs on $200 billion worth of Chinese goods could more than double to 25% from 10%, stoking demand for safe-haven yen.
But analysts said there’s little sign that China will step away from talks, with Chinese Foreign Ministry spokesman Geng Shuang telling reporters that “China’s team is preparing to go to the United States for the discussions.” Talks will start on Wednesday.
fell 0.23% to Y110.84, but remained well above one-month low of Y110.34.
A decline in the pound also supported the greenback, after U.K. Labour Party lawmakers poured cold water on the likelihood for a compromise deal with Prime Minister Theresa May.
fell 0.52% to $1.3103, and rose 0.05% to $1.1206, with the latter supported by better-than-expected eurozone and data.
rose 0.20% to C$1.344, though the losses in the loonie was limited by a rise in U.S. oil prices.
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