The dollar held steady while the Australian dollar hovered near a more than four...
TOKYO - The dollar held steady while the Australian dollar hovered near a more than four-month low on Wednesday, as traders awaited European and U.S. data for clues on whether the worst is over for the global economy.
The dollar was supported as trade issues remained foremost on investors’ minds after U.S. President Donald Trump on Tuesday insisted that trade talks with China had not collapsed. The dollar index against a basket of six key rivals was largely steady at 97.514, having risen 0.2% during the previous session.
“Given China’s weak data, markets won’t be able to avoid a reaction if the U.S. figures are weak as well,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.
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