The dollar and euro barely moved on Wednesday, ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker at a time investors are focused on the trade rift between the two economic powers.
The dollar index against a basket of major currencies (DXY) stood little changed at 94.651, off its two-week low of 94.207 hit on Monday.
Fears of a trade war with the United States kept the euro trapped in narrow ranges as Juncker travels to Washington on Wednesday for trade-focused talks with Trump.
The talks come after the U.S. imposed tariffs on European Union steel and aluminum and Trump’s threats to extend those measures to EU-made cars.
