The U.S. dollar slipped to near a two-week low on Tuesday after the U.S. and the European Union agreed steps to avoid trade war, easing immediate global trade tensions.
U.S. President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker on Wednesday to expand European imports of U.S. liquefied natural gas and soybeans and reduce industrial tariffs on both sides.
“We had a big day, very big,” Trump said at a joint statement with Juncker at the White House on Wednesday. The two sides had agreed to “work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” he added.
The U.S. dollar index, which tracks the greenback against a basket of currencies, slipped 0.1% to 93.96 at 1:19AM ET (05:19 GMT). The index touched a fresh two-week low earlier in Asia trading.
