The U.S. dollar edged up against most other currencies on Monday in Asia as traders await further news on China trade talks.<\/p>\n
The\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>that tracks the greenback against a basket of other currencies last traded at 11:16 PM ET (04:16 GMT), up 0.1%.<\/p>\n The index, widely considered a safe-haven asset, gained 1.2% last week on worries about a weakening global economy and increasing uncertainties surrounding the U.S.-China trade war. It was the currency\u2019s biggest weekly increase since May 2018.<\/p>\n Progress in Sino-U.S. trade talks is likely to be one of the main drivers of the markets this week, as high-level officials gather in Beijing for another round of negotiations starting on Monday after the last meeting between the two sides ended with no deal.<\/p>\n The two nations are trying to reach a trade agreement before the 90-day truce between them expires on March 1. U.S. President Donald Trump has threatened to double tariffs on Chinese goods if the deadline passes without a deal.<\/p>\n Last week, Trump said he did not plan to meet with Chinese President Xi Jinping before the deadline.<\/p>\n On the data front, investors will get an update on U.S. inflation figures later this week.<\/p>\n Consumer prices report is due on Wednesday, while producer prices and December retail sales figures are set to be released on Thursday.<\/p>\n Meanwhile, the\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair gained 0.5%. The People’s Bank of China (PBOC) set the yuan reference rate at 6.7495 on Monday.<\/p>\n The\u00a0<\/span>Shanghai Composite<\/a><\/span>\u00a0<\/span>and the\u00a0<\/span>Shenzhen Component<\/a><\/span>\u00a0<\/span>rose in morning trade after returning from a week-long Lunar New Year holiday.<\/p>\n Looking ahead, China is set to publish its latest trade figures on Thursday and data on inflation the day after.<\/p>\n Elsewhere, the\u00a0<\/span>AUD\/USD<\/a><\/span>\u00a0<\/span>pair and the\u00a0<\/span>NZD\/USD<\/a><\/span>\u00a0<\/span>pair both edged up 0.2%.<\/p>\n The Reserve Bank of New Zealand is set to announce its benchmark interest rate and publish a rate statement this week, which outlines economic conditions and the factors affecting the monetary policy decision.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar edged up against most other currencies on Monday in Asia as traders await further news on China trade talks. The\u00a0U.S. dollar index\u00a0that tracks the greenback against a basket of other currencies last traded at 11:16 PM ET (04:16 GMT), up 0.1%. The index, widely considered a safe-haven 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-1234","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\/1234","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=1234"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1234\/revisions"}],"predecessor-version":[{"id":1235,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1234\/revisions\/1235"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}