Doha: The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the China-US trade war was underway with US Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations. The dollar steadied at 99.25, having fallen 0.6% in the previous session.
According to Qatar News Agency, the US currency struggled to regain lost ground on Tuesday, though it did eke out a 0.48% gain against the Swiss franc to last stand at 0.8238, and rose 0.27% to 142.41 yen. The euro was down 0.34% at 1.1383 while sterling hovered near a three-year top at 1.3399. In Canada, the loonie fell more than 0.2% to C 1.3863.
Elsewhere, the Australian dollar rose to an over four-month top of 0.6450, before paring some of those gains to trade 0.27% lower at 0.6415. The New Zealand dollar fell 0.47% to 0.5952.