The U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks.<\/p>\n
Meanwhile, the\u00a0<\/span>British pound<\/a><\/span>\u00a0<\/span>remained near 20-month lows against the U.S. dollar after U.K. prime minister Theresa May called off Tuesday\u2019s vote on her Brexit deal so she could go back to Brussels and ask for changes to it.<\/p>\n The move put pressure on the pound as the market judged the risk of no-deal Brexit has increased.<\/p>\n The\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>traded 0.1% lower to 97.058 after Reuters reported that Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer spoke on the phone on Tuesday to discuss the roadmap for the next stage of their trade talks.<\/p>\n The conversation came after U.S. President Donald Trump and Chinese President Xi Jinping agreed to pause the planned increase of Jan.1 U.S. tariffs to 25% from 10% on $200 billion of Chinese goods.<\/p>\n However, the tension between the two countries remained high following the arrest of CFO at China\u2019s Huawei Technologies last week.<\/p>\n The\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair fell 0.2% to 6.9033 as the People’s Bank of China (PBOC) set the yuan reference rate at 6.8996 vs the previous day’s close of 6.9099.<\/p>\n Meanwhile, the Indian rupee rebounded after Bank of India reportedly sold the U.S. dollar via the state-run banks for the Rupee at around 72.35 level.<\/p>\n Reuters also reported that Reserve Bank of India Governor, Urjit Patel, resigned abruptly on Monday after a months-long tussle over policy with the government.<\/p>\n Elsewhere, the\u00a0<\/span>USD\/JPY<\/a><\/span>\u00a0<\/span>pair fell 0.3% to 113.03.<\/p>\n The\u00a0<\/span>AUD\/USD<\/a><\/span>\u00a0<\/span>pair and the\u00a0<\/span>NZD\/USD<\/a><\/span>\u00a0<\/span>pair both rose 0.2%.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks. Meanwhile, the\u00a0British pound\u00a0remained near 20-month lows against the U.S. dollar after U.K. prime minister Theresa May called off Tuesday\u2019s vote on her Brexit deal so she could go back to Brussels and Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1136","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1136"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1136\/revisions"}],"predecessor-version":[{"id":1137,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1136\/revisions\/1137"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}