Dollar Steady, But Trade War Fears Curb Appetite For Risk

www.oann.com | 6/22/2017 | Staff
moemajor (Posted by) Level 3
TOKYO (Reuters) – The dollar was largely steady against other major currencies on Tuesday, but investor appetite for risk was kept in check after U.S. President Donald Trump renewed his tariff threats toward China.

Financial markets over the last year have been gripped by fears of escalating trade tensions between the world’s two largest economies, stoking worries over the outlook for global growth. Against a basket of six peers, the dollar edged up 0.02% to 96.781, having ended the previous session with a 0.2% gain.

Appetite - Risk - Investors - Confirmation - Meeting

Appetite for risk remained subdued as investors waited for confirmation of a possible meeting between Trump and China’s president at the Group of 20 summit near the end of the month, analysts said.

Trump said on Monday he was ready to impose another round of tariffs on Chinese imports if he does not reach a trade deal with President Xi Jinping at the June 28-29 summit in Osaka.

Days - Talks - US-China - Trade - Dispute

Since two days of talks to settle the U.S.-China trade dispute last month in Washington ended in a stalemate, the U.S. president has repeatedly said he expected to meet Xi at the G20 gathering. China has not confirmed any such meeting.

“It might not happen if the Chinese side thinks there isn’t any point in having a meeting if the opinions are far apart from the start,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

Trump

“Trump has been applying...
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