Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world’s two biggest economies to determine whether global growth is running out of puff.
The dollar paused at 112.39 yen JPY= , not far from a six-month top of 112.79 set on Friday.
The index that tracks the dollar against six other major the currencies .DXY was barely changed at 94.750.
The dollar index went as high as 95.241 last week but quickly reversed gains after latest trade figures from China suggested the threat of tariffs had not had a significant impact as yet. about the economic hit to China’s exports from stiff U.S. tariffs had sent the yuan crashing against the dollar CNH= in offshore markets. It was last at 6.7050 from an 11-month trough of 6.7326 touched on July 3.
