Dollar Flat On Trade News

The dollar finished Monday on flat trading after the lack of any important updates regarding the US-China trade talks.

The US dollar index traded 98.180.

A report said, citing sources, a phase two trade deal was less likely now. The sources claimed that the US and China are struggling to reach the preliminary phase one.

Previously, another report said that the signing of a phase one deal might take place next year.

Last week, Chinese President Xi Jinping said that China wants to have a deal. He then added, however, that Beijing was ready to retaliate if necessary.

Meanwhile, US President Donald Trump also said that a deal was “potentially very close.” However, he added that the question was “whether or not I want to make it.”

In a televised interview, Trump said, “We have to stand,” in relation to the Hong Kong crisis.