The U.S. dollar held firm against major currencies on Monday as investor focus shifted from upbeat jobs data to upcoming U.S.-China trade talks in London. While Friday’s strong employment report briefly boosted the dollar, markets remain cautious amid ongoing economic uncertainties.
The high-level meeting between Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer on the U.S. side, and Vice Premier He Lifeng from China, comes at a critical time. China faces deflation concerns, and U.S. businesses are showing signs of stress due to prolonged trade tensions.
Analysts noted that unless the talks yield substantial results, any boost to market sentiment is likely to be limited. The dollar index was stable at 99.169, still down over 8.6% year-to-date. Treasury yields also held steady in early Asian trading after a sharp rise on Friday.
The yen edged up 0.10% to 144.750 per dollar as Japan’s GDP showed a milder-than-expected contraction. The euro remained flat at $1.1399, while the British pound traded at $1.3535. The Swiss franc was unchanged at 0.8221.
The Australian dollar gained 0.1% to $0.65, and the New Zealand dollar hovered at $0.6020 in light trading due to a holiday in Australia.
Markets are now eyeing May U.S. inflation data, which could provide fresh insights into the economic impact of Trump’s 10% universal import tariff. Although the Fed is in a blackout period ahead of its policy meeting, officials have signaled caution on rate cuts. Futures suggest a potential 25 basis-point cut may occur in October.
China’s offshore yuan last traded at 7.187 ahead of key domestic inflation and trade data releases this week.


Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Australia’s December Trade Surplus Expands but Falls Short of Expectations
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Thailand Inflation Remains Negative for 10th Straight Month in January
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 



